An ancient Bitcoin wallet suddenly sprung to life this week and moved more than $257 million worth of BTC after 11 years of slumber.

The crypto tracker Lookonchain first spotted the unknown address, which moved 2,700 BTC to another wallet on Tuesday.

The long-dormant wallet received the trove of BTC in December 2013, when the top crypto asset only cost $625.84. BTC was priced at $95,361 at the time of Tuesday’s transfer, meaning the USD value of the wallet’s holdings skyrocketed by a staggering 15,137.4% in 11 years.

Data from BitInfoCharts indicates the long-dormant wallet did receive trace amounts of Bitcoin a handful of times over the last 11 years, though those transactions appear to be the result of dusting attacks.

Dusting attacks involve hackers and scammers sending minuscule amounts of cryptocurrency (dust) to numerous personal wallets in an attempt to break the wallet holders’ privacy.

The scammers then try to trace the transactional activity of targeted wallets in order to identify the people or companies behind them.

Bitcoin is trading at $98,687 at time of writing. The top-ranked crypto asset by market cap is up more than 3% in the past 24 hours and is less than 1% down from its all-time high of $99,645, which it set on November 22nd.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Phantom, the non-custodial crypto wallet for decentralized finance and non-fungible tokens on Solana, has announced its acquisition of web3 security platform Blowfish.

The Solana (SOL) based cryptocurrency wallet disclosed the transaction on Nov. 19, noting in a blog post that the move aims to bolster security for wallet users. Blowfish’s team, known for protecting users and assets by alerting against scams and fraud, will join Phantom.

According to Phantom, acquiring Blowfish is a key step in combating harmful decentralized applications and bugs. The wallet has recently faced downtime and a buggy update, which affected user experience and safety.

Commenting on Blowfish’s role in enhancing user security, Phantom chief executive officer Brandon Millman stated:

“With their help, we’re going to offer the most secure and user-friendly platform to access, and interact with, apps, tokens, and collectibles across all devices.”

Blowfish has reportedly prevented over 2.8 million scams and scanned more than 1.3 billion transactions, securing assets worth over $18 billion. This capability will now be integrated into Phantom, with Blowfish’s current service being sunset.

In June this year, a fake Phantom wallet pushed on the Apple App Store saw unsuspecting users lose assets.

On Nov. 13, a buggy update caused some iOS users to be locked out of their accounts. The glitch introduced a bug that reset wallets and added a prompt for users to log in again with their recovery phrases. Several users reported losing funds, including one who claimed a $600,000 loss.

It’s important to note that Phantom is a non-custodial wallet and does not access user funds or store recovery phrases.

Separately, digital asset custody and wallet infrastructure platform Fireblocks recently launched a non-custodial wallet-as-a-service solution aimed at advancing security for user assets across the industry.

LottieFiles revealed a supply chain compromise in which malicious code could lure users into connecting crypto wallets, potentially leading to asset theft.

LottieFiles, a platform that enables designers and developers to create animations, has issued a warning regarding a security breach involving its npm package, which may expose users to malicious code designed to compromise crypto wallets.

In an X post on Oct. 31, LottieFiles said that the affected versions — Lottie Web Player 2.0.5, 2.0.6, and 2.0.7 — were released on Oct. 30, prompting immediate concerns after multiple user reports surfaced about strange code injections. In response to the threat, LottieFiles released a new version, 2.0.8, reverting to the secure code.

“A large number of users using the library via third-party CDNs without a pinned version were automatically served the compromised version as the latest release.”

LottieFiles

For those unable to update, LottieFiles recommends informing end users about potential fraudulent wallet connection prompts associated with the Lottie-player. Users may also opt to remain on version 2.0.4 to avoid risk.

LottieFiles warned that applications using the compromised npm package may inadvertently prompt users to connect their crypto wallets, opening avenues for potential theft. The developer account linked to the malicious uploads has been stripped of access, and related tokens have been revoked to halt any further unauthorized activity, the firm added, though the full extent of the attack remains unknown.