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CertiK Issue Warning to Crypto Investors with an iPhone 

2 mins
Updated by Ciaran Lyons
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In Brief

  • CertiK warns iPhone users on OKX of a critical vulnerability. Urgent update needed for enhanced protection.
  • CertiK acknowledges OKX's swift action, ensuring an updated version to safeguard against potential compromise.
  • CertiK reveals $686 million lost in Q3 2023 crypto hacks. Heightened security crucial in the evolving Web3 ecosystem.
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Web3 security firm CertiK has issued a warning to investors with iPhones on the crypto exchange OKX after identifying a malicious vulnerability.

“We urge users of OKX wallets to update their iOS app to the latest version immediately,” the statement noted.

Certik Discovered Issue For Crypto Investors Earlier This Month

In a post on X (formerly Twitter) CertiK made the warning, after discovering an issue earlier this month. They urge all iPhone users holding an OKX wallet to update their app immediately.

“Earlier this month, we identified and reported a critical Remote Code Execution (RCE)  vulnerability in the OKX iOS App, leading to potential compromise of sensitive data and crypto assets,” the post stated.

However, CertiK have declared that crypto exchange OKX have been efficient in dealing with the matter.

“The OKX team responded swiftly and issued an updated version today,” the statement noted.

This comes after BeInCrypto reported that there was approximately $686 million lost in crypto hacks in the third quarter of 2023 alone. There was a reported 49 crypto hacks during the quarter.

Certik Has Made Several Warnings In Recent Times

Read more: What Is a Rug Pull? A Guide to the Web3 Scam

This comes after several warnings issued by CertiK in recent times.

On September 13, Certik issued a cautionary message on X (formerly Twitter), advising users to exercise caution and avoid falling for the hype surrounding Telegram bot tokens due to concerns about rug pull scams.

“Our analysis reveals that more than 40% of Telegram bot tokens may potentially be exit scams.”

Telegram trading bots connect to decentralized exchanges, perform trades by a set of rules, and usually charge a small fee. Certik highlights that since July 20, these tokens have witnessed an “astronomical surge” in popularity, with gains exceeding 1000%.

Read more: 15 Most Common Crypto Scams To Look Out For

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Ciaran Lyons
Ciaran is a cryptocurrency journalist based in Sydney, Australia. He particularly enjoys writing about CBDC developments and the practical implementations of cryptocurrency in real-world scenarios. He has also appeared across major television networks in Australia including Channel Ten, Channel Nine and SBS TV. Prior to his foray into cryptocurrency, Ciaran worked as a presenter on national radio station Triple J.
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