MyEtherWallet Users Hacked Due to Hola VPN Service Security Breach

Hola VPN Chrome Extension Hacked to Steal MyEtherWallet Funds

A popular cryptocurrency wallet, MyEtherWallet, has informed its users that a hack happened and some users may have lost control of their funds. Any user that has used the Hola free VPN service and their MyEtherWallet (MEW) in the last 24 hours may have been hacked.

Urgent! If you have Hola chrome extension installed and used MEW within the last 24 hrs, please transfer your funds immediately to a brand new account!

— MyEtherWallet | MEW (@myetherwallet) July 10, 2018

We received a report that suggest Hola chrome extension was hacked for approximately 5 hrs and the attack was logging your activity on MEW.

— MyEtherWallet.com (@myetherwallet) July 10, 2018

If you still have access to your funds, you should transfer your cryptocurrencies immediately to a new address. If you are a MEW user, but do not use Hola VPN, it appears that your tokens should be safe.

According to the Hola VPN, about 50 million users take advantage of their free service to protect themselves online, but that wasn't the case for a brief period last night. According to the tweet from MyEtherWallet, the security breach via the Hola Chrome browser extension was open for about 5 hours. During those 5 hours, the hackers logged your keystrokes and activities within the MyEtherWallet platform.

This isn't the first time that Hola VPN made the news for illegal activity. Back in 2015 they were caught selling users idle resources or bandwidth to a service so that hackers could target sites with a Deniel of Service Attack (DDoS).

While this situation is still developing, its leaving many users with questions. Unfortunately their social media team hasn't come back to update its followers in the last 9 hours.

It is related to the hola extension!

— MyEtherWallet | MEW (@myetherwallet) July 10, 2018

Using MEW with Hola? Or just having Hola installed?

— tosho (@tosho) July 10, 2018

Second MyEtherWallet Hack in 2018

Almost 3 months ago MyEtherWallet was the center of another hack due to a hijack of Amazon's internet domain service. The hackers were rerouting traffic to an unsecure MEW clone. Unsuspecting users were entering their private information while the hackers stole their information.

I have bookmark the page but I logged in and saw there was a problem after :( the ssl connection was green do I have to worry ??

— Daniel (@Daniel89651141) April 24, 2018

MyEtherWallet urged its users to always make sure that they see the Green SSL Security lock in their browser when using their services.

Cryptocurrency Related Hacks Are On the Rise in 2018

In the last 24 hours we have seen hacks on MyEtherWallet as well as Bancor Exchange, when nearly $23 million in Ethereum (ETH), Pundi X (NPXS) & Bancor (BNT) were stolen. Crypto investors and traders need to be vigilant and aware of the ever increasing attempts to steal your holdings.

All of the recent hacks, scams and thefts puts a negative connotation on cryptocurrencies. When hoping for mass adoption on a technology that most people simply don't understand or trust, users and exchanges need to take a greater stance on security. For your own personal crypto security, we recommend you read the following:

Top 8 Ways Users Can Be at Fault For Losing Bitcoin & Crypto Assets

Top 9 Hacker-Proof Methods To Secure Your Bitcoin & Crypto Tokens

Best Investor User Practices For Cryptocurrency Wallet Security