In an exhilarating turn of events, Solana co-founder Anatoly Yakovenko recently took to a post on X, reacting to Apple’s M chip vulnerability that exposes crypto security on Macs. In his post on X, the blockchain founder stated, “i hate it here,” spotlighting Apple M-series chips’ vulnerability, which allows attackers to extract secret keys from Macs when widely used cryptographic operations are performed.

i hate it here https://t.co/nhXcywheSs

— toly (@aeyakovenko) March 22, 2024

Apple, a global tech giant, recently unveiled its M chip series starting late 2020, further cementing its positioning across the industry. However, with the recently revealed vulnerability that exposes the newly emerging crypto phenomenon to threats, the firm remains poised to encounter risks of consumer confidence erosion.

Apple’s M Chip Vulnerability: A Deeper Dive

According to a team of researchers consisting of cybersecurity and tech experts, Apple’s chip’s recently revealed vulnerability allows malicious attackers to extract crypto encryption keys straight from the chip itself. Due to the flaw’s primary association with silicon’s design, it cannot be rectified through a simple patch.

Rather, the most feasible option to fix the flaw requires third-party cryptographic softwares that build defenses against the exploitation of this flaw. However, integrating these third-party applications poses risks of significantly reducing the performance of Apple’s M-series chips, especially the earlier generations of M1 and M2. This flaw presents Apple with a severe risk of brand equity depreciation.

Meanwhile, the vulnerability is exploitable only when both parties, the targeted cryptographic operation and the malicious application, run on the same CPU cluster with standard user privileges.

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Surging Crypto Risks Threaten Global Acceptance

In the interim, the burgeoning cryptocurrency-related scams threaten the global acceptance of cryptocurrencies. The risks orbiting consumers casts a shadow of uncertainty, brushing off investors from the cryptocurrency realm.

As CoinGape Media reported earlier, Layerswap, a platform offering cross-chain crypto transfer services, recently witnessed an exploitation attack that resulted in the loss of significant funds. Simultaneously, over the past few days, PeckShieldAlert, a blockchain tracker, spotlighted a stockpile of other attacks, adding to the enigmatic scenario of global crypto acceptance.

Solana traded at $178.02, per CoinMarketCap’s data, whereas Apple’s stock (NASDAQ: AAPL) was valued at $171.37 as of press time.

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The post Solana Co-founder Reacts As Apple’s M Chip Vulnerability Threatens Crypto Security appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am