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Deythere > News > Crypto > Apple Warns Crypto Users: Update Now or Risk Losing Your Assets
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Apple Warns Crypto Users: Update Now or Risk Losing Your Assets

Apple Warns Crypto Users: Update Now or Risk Losing Your Assets
Apple Warns Crypto Users: Update Now or Risk Losing Your Assets
Maxwell Mutuma
Last updated: November 22, 2024 11:06 am
By
Maxwell Mutuma
Published November 22, 2024
4 Min Read
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Contents
Apple Security Flaw Puts Crypto Users at RiskIntel-Based Macbooks Face Critical Security RiskApple Chip Flaws Expose Sensitive User Data

Apple recently leaked a significant vulnerability in its devices that could allow malicious attackers to compromise crypto users. The flaw was tricksy because it allowed for the remote execution of harmful code in web-based JavaScript, which could affect sensitive data. Apple urged users to update their devices to prevent further exploitation.

Apple Security Flaw Puts Crypto Users at Risk

The attack is caused by a flaw in JavaScriptCore and WebKit software, which allows hackers to execute malicious scripts from a remote host. Google’s Threat Analysis Group researchers discovered the bug, which could be used in cross-site scripting attacks. Apple has responded to the issue, which it confirmed exists and happens on Intel Mac systems, and reports that it has been actively exploited.

DALL·E 2024 11 22 11.37.30 A visually compelling image highlighting the theme Intel Based MacBooks Face Critical Security Risk. The scene features a sleek Intel based MacBook

This exploit enables attackers to process maliciously crafted web content that endangers user security. This flaw is dangerous for crypto users who keep private keys or passwords in a browser. Apple said it is updating the latest software versions to keep risks decreased.

That arbitrary code execution also extends to iPhones and iPads, which suffer a similar fate should they view malicious web content. Apple has rolled out software updates to patch flaws and urged users to act quickly. It has also urged vigilance against suspicious websites to avoid any other breaches.

Intel-Based Macbooks Face Critical Security Risk

Because crypto users store such sensitive private keys and passwords, they are at risk. Hacking provides thieves with easy access to financial data through devices that have not been patched, warn cybersecurity experts. Protecting digital assets takes tremendous urgency; thus, CTO Trugard called for the issue to be addressed.

Changpeng Zhao, the former Binance CEO, echoed that call in a social media post for Macbooks with Intel CPUs to update immediately. Investigators say attackers have exploited the flaw, particularly against Intel-based Mac systems. Experts also stressed the importance of timely updates to minimize damages.

Some vulnerabilities are more easily solved with software patches, but hardware-related flaws are more persistent. Reports of similar worries for Apple’s M-series chips make this a bigger security problem. Users must be alert and follow Apple’s recommendations to secure their devices.

DALL·E 2024 11 22 11.38.14 A striking and cautionary image illustrating the theme Apple Chip Flaws Expose Sensitive User Data. The scene features a close up view of an Apple c

Apple Chip Flaws Expose Sensitive User Data

Security worries grew as flaws were found in Apple M1, M2, and M3 series chips. Researchers said this could also reveal cryptographic keys via the prefetching of these chips. Attackers exploit cache memory to reconstruct sensitive data that is uninterruptible through conventional security measures.

Unlike software vulnerabilities, however, chip-level flaws cannot be patched easily. Apple users have fewer options, which include performance tradeoffs and, in some cases, workarounds. There is a real need for alternative solutions that balance security with the device’s functionality.

ArsTechnica pointed out how critical it is for Apple users to deal with the immediate and lasting risks. While software patches may provide some temporary relief, hardware problems must be structural. Crypto users, especially those looking to maximize their profits, must take great care and stay ahead of the game to avoid losing money.

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ByMaxwell Mutuma
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Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.
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