DCENT App Wallet Users Urged to Transfer Funds Amid Security Alert

South Korean cybersecurity company IoTrust Co., Ltd., the developer of the DCENT App Wallet, issued an urgent notice on September 16 urging all users to transfer their crypto holdings to a secure hardware wallet or another trusted wallet address.

What triggered the warning

The company reported detecting abnormal asset transfers involving the DCENT App Wallet and launched an immediate investigation. Initial findings suggest the issue is confined to the App Wallet itself.

Who should act

• Anyone holding assets, regardless of amount, in the DCENT App Wallet.
• Users who reuse the same mnemonic phrase for both the DCENT App Wallet and a hardware wallet.

Users who only connect a hardware device to the app without entering the seed phrase were told no action is required.

Advice and next steps

DCENT advises users to remain vigilant against phishing and impersonation attempts while the investigation continues. Further updates will be shared through official channels once the cause, scope, and additional response measures are confirmed.

Context of recent security incidents

The alert follows a series of recent crypto security breaches, including a compromise at Swiss Bitcoin Pay, an exploit of the Symbiosis Bitcoin bridge, and a theft from the Liquid Network that resulted in the loss of nearly 600 BTC.