D’CENT Wallet: “I had my wallet emptied”, testifies a French victim

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https://cryptoast.fr/hack-wallet-dcent-victime-francaise-temoigne/

Since mid-September, D'CENT Wallet has been facing a major security incident, with thousands of wallets emptied and several million dollars of cryptocurrencies misappropriated. Despite a first alert from the South Korean manufacturer on September 16, the flights continued into October. A French user agreed to testify to Cryptoast.

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Thierry had been using the D'CENT mobile application since January 2021. On October 8 at 2:37 a.m., his wallet was emptied.

I had my wallet emptied of CENT. I never gave my [recovery] phrases or anything to a third person. Neither stored on my computer or the Internet.

In total, 303,000 XDC, the native token of XDC Network, were stolen, or “roughly $10,000,” he specifies. Its last transaction was in 2023.

I filed a complaint in France, Korea, the FBI and on the PHAROS platform. And I'm waiting for the Korean police's investigation to come back.

Contacted by Thierry, D'CENT simply told him that an investigation was underway.

They emailed me, just to let me know they were investigating. They answered the same to everyone.

The Frenchman also joined a WhatsApp group bringing together international victims. On October 8, a South Korean user nicknamed “jaycool” called on X affected people to join this group, before joining a discussion on KakaoTalk.

According to an investigation by XRPL.to, 12.73 million XRP was siphoned from 12,516 addresses between September 15 and October 7. However, the same person can control several addresses.

The thefts also concern other networks. An independent analysis published on October 11 identifies 11.56 million XDC transferred to the same address from 4,681 separate addresses. However, these movements are not all formally linked to D'CENT.

The origin of the incident remains uncertain. According to ZDNet Korea, a possible weakness in the generation of private keys of older versions of the application is being investigated. This hypothesis has not been confirmed.

D'CENT, owned by the company IoTrust, recommends users of its App Wallet to transfer their assets to a new wallet, with a new recovery phrase. Hardware wallets would not be directly affected unless their phrase has been imported into the app.

No general compensation program has been announced to date. For Thierry, the possibility of recovering his $10,000 therefore remains uncertain.

Machine-translated from French