Apple released new security updates to its mobile operating system after the iPhone maker discovered vulnerabilities that could put cryptocurrency wallets at risk.
The security updates released on Tuesday are for iOS 14.4 and iPadOS 14.4. Allegedly, the vulnerabilities allowed hackers to remotely access the target system, thereby exposing the user’s wallet of cryptocurrencies.
Pete Kim, chief engineer at Coinbase, advised iPhone users to update their OS right away.
“If you use a mobile crypto wallet on an iOS device, be sure to update the iOS as soon as possible!” Kim tweeted on Tuesday. “The update includes a solution to an external vulnerability to run arbitrary code that can be effectively exploited.”
Coinbase mobile wallet is ranked 13th in the most downloaded financial apps on the Apple Store.
Apple security updates are available for iPhone 6s and later, iPad Air 2 and later, iPad Mini 4 and later, and iPad Touch 7th generation. The company said the flaws “could be actively exploited” by the attackers.
Mobile wallets are a popular way for cryptocurrency users to store and transfer their digital assets. They also make it easy to use the cryptocurrency for everyday commodities.
Crypto infrastructure has been the primary target of hackers for many years, but attacks have fallen off dramatically. As Cointelegraph reported in November 2020, the number of cryptocurrency attacks decreased dramatically over the course of 2020.