Deep Tide TechFlow News, on December 31, according to Cointelegraph, cryptocurrency wallet service provider Tangem faced criticism from users for collecting user mnemonic phrases due to a vulnerability in its application. The company confirmed the issue on December 30, stating that the vulnerability stemmed from an error in application log handling, which resulted in users' private keys being recorded and potentially accessible to the support team.

Although Tangem has promptly fixed and deleted all related logs, users have expressed dissatisfaction with its response, believing the company failed to handle the situation appropriately. Tangem stated that this vulnerability only affected a small number of users and has proactively contacted those affected. All users are advised to update the application immediately to avoid potential mnemonic phrase leaks.