$ATOM Social-login wallets hit by an incident; prices have already softened
Keplr paused Google/Apple sign-ins due to a Web3Auth security incident. The team estimates that around 20% of social-login accounts were affected; seed phrases and hardware wallets were not impacted. Cosmos wallet security is trending on X.
Market: ATOM is down about 2.3% on the day, ranging from a high of 1.41 to a low of 1.37; now around 1.376. BTC is nearly flat over the same period. Funding rates are slightly positive, with average volume.
Assessment: This is risk being priced into the access layer, not a fault with the ATOM chain itself. Some of the short-term sentiment discount is already priced in. Going forward, watch for the official recovery and the progress of social-login restoration—and don’t treat social-login accounts like cold wallets.
Will this social-login issue continue to weigh on sentiment across the Cosmos ecosystem?
#Keplr暂停谷歌苹果登录 #Web3AuthSecurityIncident
Keplr paused Google/Apple sign-ins due to a Web3Auth security incident. The team estimates that around 20% of social-login accounts were affected; seed phrases and hardware wallets were not impacted. Cosmos wallet security is trending on X.
Market: ATOM is down about 2.3% on the day, ranging from a high of 1.41 to a low of 1.37; now around 1.376. BTC is nearly flat over the same period. Funding rates are slightly positive, with average volume.
Assessment: This is risk being priced into the access layer, not a fault with the ATOM chain itself. Some of the short-term sentiment discount is already priced in. Going forward, watch for the official recovery and the progress of social-login restoration—and don’t treat social-login accounts like cold wallets.
Will this social-login issue continue to weigh on sentiment across the Cosmos ecosystem?
#Keplr暂停谷歌苹果登录 #Web3AuthSecurityIncident
