Hackers are remotely stealing cryptocurrencies using bots on Github.
Cryptocurrencies have long been touted as a secure alternative to conventional money in the sense that their transactions can be untraceable or anonymous to a certain extent. However, they also have a dark side of being digital by nature which makes them more prone to hacking.
This is why we’ve seen numerous cases emerge over the past year where not only various cryptocurrency exchanges have been hacked losing millions of dollars but also individual wallet accounts.
A case of the latter has emerged a few days ago when a Reddit user who goes with the name of Ty Cooper lost $1200 of Ethereum coins in a mere 100 seconds.
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The tale told by the Redditor himself goes along the line of how he left his MetaMask wallet’s mnemonic – 12-word wallet recovery phrase – exposed mistakenly in a public Github repository when sending money to a hackathon named Hack Money – ironically.
The hackers meanwhile were scanning Github using a bot and stumbled across the mnemonic phrase. Using that phrase, they gained access to his wallet and stole the coins.
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