A Warning That Affects Nearly All Cryptocurrency Users: You Need to Update This App Immediately

Cryptocurrency exchange Bybit has urged users to immediately update Telegram’s Android app following the discovery of a security vulnerability. The exchange stated that when a phone’s security is compromised, the risk may not be limited to Telegram and could affect other applications on the same device.

Bybit urged users to avoid unfamiliar chat rooms and bots, not to open suspicious links, and to only follow announcements from verified official channels. Android users can check if the update has reached their devices on the official Telegram page on Google Play.

Telegram Announces Vulnerability Has Been Fixed

Security research company V12 announced this week that it has discovered a vulnerability in Telegram’s Widgets feature, which allows for interactive content to be displayed within chats, that enables remote code execution. In a test they published, researchers showed that a bot message could launch a calculator app on an Android phone.

Telegram has announced that it has fixed the vulnerability and is rolling out the update to users. Bybit’s warning concerns users who still have an older version of Telegram on their phones, even though the fix has been released.

Binance Also Warned iPhone Users This Week

Binance highlighted a separate iOS vulnerability called ‘worse_query’ on November 10th. According to the exchange, the vulnerability could allow a malicious application to read files belonging to other applications on the phone. Cryptocurrency wallet recovery words, private keys, and login credentials stored in these files could also be at risk.

*This is not investment advice.