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Profanity tool vulnerability drains $3.3M despite 1Inch warning

Cryptocurrency Sep 18, 2022 09:00AM ET
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Profanity tool vulnerability drains $3.3M despite 1Inch warning
 
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Decentralized exchange aggregator 1inch Network issued a warning to crypto investors after identifying a vulnerability in Profanity, an Ethereum (ETH) vanity address generating tool. Despite the proactive warning, apparently, hackers were able to make away with $3.3 million worth of cryptocurrencies.

On Sept. 15, 1Inch revealed the lack of safety in using Profanity as it used a random 32-bit vector to seed 256-bit private keys. Further investigations pointed out the ambiguity in the creation of vanity addresses, suggesting that Profanity wallets were secretly hacked. The warning came in the form of a tweet, as shown below.

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Profanity tool vulnerability drains $3.3M despite 1Inch warning
 

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