According to Chinese internet company Tencent, NEO users are at risk of losing their funds at any second as a newly discovered security vulnerability allows hackers to gain remote access to their wallets.
Tencent security staff wrote a post on the Chinese social platform Weibo:
Having conducted research on the famous Neo blockchain project, we can say that its users may become victims of attackers. When a user runs a NEO network node with standard settings and also opens a wallet, he is at risk of losing his funds.
According to the company's employees, they warned NEO developers about this vulnerability. They also urged users to take security issues more seriously and update their wallets as soon as possible.
NEO is a popular platform for smart contracts and decentralized applications, often called “Chinese Ethereum”. The altcoin felt the effects of the bear market quite strongly - from the $200 mark it dropped to $8. But even with this decline, it is still one of the largest altcoins, with a market capitalization of $520 million.
Tencent's announcement does not appear to have had any impact on the price of NEO - it is falling at about the same rate as the price of other cryptocurrencies. Over the past 24 hours, the price of NEO has decreased by 2.2%.
According to www.cryptoglobe.com
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