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Cardano ( $ADA ) Investors Report Unauthorized Transactions and Losses from Nami Wallets

June 20 (Cointime) - A growing number of Cardano investors are reporting unauthorized transactions and losses from their Nami wallets, with their ADA assets being transferred without their consent. These incidents are likely due to weak passwords and compromised devices rather than a flaw in the Nami wallet itself.

Investigations have failed to identify a common link between victims based on the decentralized applications associated with their compromised wallets, indicating that the problem lies with the security measures taken by users.

There is a possibility that a "zero-day" exploit in Google Chrome could be the cause of these breaches, posing a serious threat to all browser-based cryptocurrency light wallets. It is important for users to take additional security measures, such as using strong passwords, enabling two-factor authentication, and regularly updating software, to protect their assets.

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