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Crypto DeFi

Keplr Wallet Reports Unauthorized Transactions on Google, Apple Login Accounts

Keplr Wallet said some accounts created via Google or Apple sign-in have seen unauthorized transactions, and it has flagged the issue to Web3Auth as both teams investigate. Web3Auth said a security issue affecting its service has impacted some third-party platforms and that it has paused its embedded wallet service. Initial findings show MetaMask users are unaffected, and Keplr accounts created with a seed phrase or hardware wallet are not affected.

Original source

AI take

The concentration of risk in social-login wallet creation is the real story here: accounts that bypass seed phrases and hardware wallets are exactly the ones affected, which cuts against the convenience pitch that has driven adoption of embedded wallets. Web3Auth pausing its embedded wallet service signals the exposure may reach beyond Keplr, so other platforms relying on the same sign-in flow face a credibility question. Whether the pause is short-lived and whether the investigation narrows the fault to a single integration are the open questions worth tracking.

Generated by AI for reference only.

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