Bitkey, the Bitcoin wallet backed by Block, said a flaw affecting its recovery and inheritance setup flow was disclosed on Aug. 1 and fixed the same day, with no user funds lost. According to the report cited by Techub News, the issue existed only during a specific window in the registration process tied to those features. The team said exploitation required strict conditions and that its defense-in-depth design would block unauthorized access. On Aug. 2, Bitkey hosted an X Space to discuss the incident publicly and thanked the security researcher involved. The patch is now live, and users only need to update the app. Bitkey said user funds were never at risk.
Bitkey, the Bitcoin wallet from Block, said on Aug. 1 that a bug affecting its recovery and inheritance functions was found in a specific window during the registration process. The team said it fixed the issue the same day and submitted the update to app stores, adding that no user funds were lost.
According to the team, the bug could only be exploited under strict conditions. It also said its defense-in-depth architecture would prevent unauthorized access.
On Aug. 2, Bitkey held an X Space to discuss the issue in public and thanked the researcher involved. The patch is now live, and users can address the issue by updating the app. The team said funds were never at risk.
The item was published by Techub News and cited CryptoBriefing.
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