Are Bitcoin funds at risk?
by Manoj Sharma for CNR
A new developer is seemingly the culprit behind this code as they added changes on the same day they received access to the repository. This could have effects on Bitcoin users. However, no reports of lost Bitcoin have been published to date due to this backdoor.
This is not the first time hackers have tried to steal cryptocurrencies using malicious code. Such cases have been seen over the years. Even with the downward trend of major cryptocurrencies, criminals favour digital assets over other financial gains due to instant transfers. This latest effort by hackers isn’t as impactful as other attempts for stealing cryptocurrencies , thanks to the Copay developers who took swift action.