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On Wednesday, the cybersecurity company based in South Korea and the firm behind DCENT App Wallet issued a critical security notice telling users to “transfer assets as soon as possible to a secure hardware wallet or another trusted wallet address.”
Key Takeaways
- DCENT flagged abnormal App Wallet transfers on Sept. 16 and urged users to move their assets.
- DCENT says the 2026 security issue appears limited to its App Wallet while investigators dig into the cause.
- DCENT’s Sept. 16 probe will determine the scope of the incident and what further steps users need to take.
DCENT Warns App Wallet Users to Move Assets
2026 continues to be riddled with security announcements, data breaches, and hacks, and on Sept. 16, the official X account managed by DCENT Wallet issued a severe warning. “We have detected abnormal asset transfers involving the DCENT App Wallet and are currently conducting an urgent investigation,” the team wrote on the social media platform.
DCENT Wallet’s X account added:
“Based on our initial findings, the issue appears to be limited to the DCENT App Wallet. If either of the following applies to you, we strongly recommend transferring your assets as soon as possible to a secure hardware wallet or another trusted wallet address: You hold any assets, regardless of amount, in the DCENT App Wallet. [Or] you use the same mnemonic phrase for both the DCENT App Wallet and a hardware wallet.”
DCENT Wallet was founded by security experts with backgrounds in Secure Element (SE) and Trusted Execution Environment (TEE) technologies, and the company behind the platform is called IoTrust Co., Ltd. In the incident announcement X thread, one individual asked if the issue applies to seed phrases generated via a hardware wallet that are also used in the DCENT app. The DCENT account responded and emphasized:
“If you only connect your device and never entered the phrase in the app, no action is needed.”
Crypto Security Incidents Keep Piling Up
The cause and size of the potential compromise weren’t yet known when the notice appeared at 12:19 a.m. ET on Sept. 16. The DCENT team noted that users need to “remain vigilant against impersonation and phishing attempts.” The DCENT news comes at a time when there’s been a slew of security announcements like these.
For instance, on Monday, payment processor Swiss Bitcoin Pay disclosed that a malicious user had infiltrated the firm’s internal systems, prompting the company to shut down. Before that, Symbiosis’s bitcoin bridge was exploited, Nomic’s nBTC went unbacked, and Liquid Network’s BTC reserves were siphoned as well. The Liquid Network recovered a portion of the funds, but the perpetrators kept nearly 600 BTC.
As far as the DCENT Wallet issue is concerned, DCENT insists it is “prioritizing the investigation into the related cases and will provide further updates through our official channels as soon as the cause, scope of impact, and additional response measures are confirmed.”
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