Update Your iPhone Now — an iOS Bug Is Being Used to Drain Crypto Wallets
An iOS flaw lets attackers read other apps' files, exposing seed phrases. Over $5.5M has been stolen; Binance and CZ urge iPhone users to update to iOS 27.2.1.
A security flaw in Apple's iOS is being used to steal crypto from iPhone users. More than $5.5 million has been taken so far, according to reports. Binance and its founder Changpeng Zhao (CZ) are urging everyone with an iPhone to update right away.
Why it matters
If you keep a crypto wallet on your iPhone, your seed phrase may be at risk. A seed phrase is the list of words that unlocks your wallet — anyone who has it can take your coins. According to reports, some victims lost funds without connecting their wallet to any site, entering a password or approving a transaction.
Trust Wallet users have been hit especially hard, reports say.
How the attack works
Binance says the bug affects iOS versions 26.7.1, 27.0.1 and 27.2. It lets a malicious app read files that belong to other apps on the same phone. That can expose seed phrases, private keys and login details.
Other reports say simply opening a malicious website in Safari was enough. The exact method is still unclear, but the fix is the same.
The problem is in iOS itself, not in any one wallet. It can affect any app on an Apple device.
What to do
Binance's advice:
- Update now. iOS 27.2.1 is available, and Apple lists security fixes in it. Update your wallet apps too.
- Remove apps from unofficial sources, including any IPA files you installed by hand.
- If you think your phone was compromised, create a new wallet on a clean device, move your funds there, and log out of all active sessions.
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- #ios
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- #binance
