Bitcoin & Litecoin wallets less secure on iPhone X and older

Litecoin developer, Loshan, took to Twitter to warn the cryptocurrency community that Bitcoin and Litecoin wallets are unsafe on iPhones older than iPhone X (including iPhone X). The warning comes in the wake of a new exploit being discovered which can jailbreak millions of iPhones.

The news comes after Twitter user @axi0mX released an open-source iOS jailbreaking software which allows hardware-level jailbreaking of the iPhone. Affected chipsets range from iPhone 4S (A5 chip) to iPhone X (A11 Chip). iPads released before 2019 are also at risk.

Due to the jailbreaking software chipset, an attacker can gain root access for chipsets older than A11. Root access to a device can give an attacker access to private keys stored on a device. The attacker would require a physical presence of the device to exploit though. Loshan also adds that the issue cannot be fixed by a software patch.

According to research conducted by Litecoin Foundation, the majority of the users using Loafwallet (Litecoin wallet from Litecoin Foundation) are iOS users.

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

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Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.

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Ishan Garg

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