DCENT Wallet says it has detected abnormal asset transfers involving its mobile App Wallet and is urging affected users to move their funds immediately. The team says it is investigating on an emergency basis, and that preliminary findings point to the issue being isolated to the App Wallet rather than DCENT's hardware devices.
The official guidance names two groups that should act without waiting for further updates: anyone currently holding assets in the DCENT App Wallet, and anyone who has used the same recovery phrase across both the App Wallet and a DCENT hardware wallet. Both groups are being told to move assets to a hardware wallet or another trusted address as soon as possible. DCENT has also warned users to be alert for opportunistic scams that tend to follow security incidents, explicitly telling people not to send funds to any address shared through direct messages or unofficial channels, and not to click unfamiliar links claiming to offer help or compensation.
DCENT says further details on the cause, scope and remediation plan will come through its official account as the investigation progresses. As of publication, the company has not disclosed how many users or how much value may be affected, and the incident should be treated as developing rather than fully scoped.
The shared-mnemonic warning is the most consequential part of the advisory. Hardware wallets are generally marketed on the premise that keys generated and stored on the physical device never touch an internet-connected app, but that protection collapses the moment a user imports the same seed phrase into a software wallet for convenience. If the App Wallet's compromise involves anything beyond app-side asset visibility, users who reused a seed across both products would have no isolation left to fall back on — which is exactly why DCENT is telling that group to migrate to a fresh wallet rather than simply moving funds within the same key.
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The incident lands amid a rough year for wallet security generally. TechCrunch reported in August that hackers had stolen more than $130 million by exploiting a bug in offline hardware wallets, and five separate hardware wallet companies have disclosed security incidents since January 2026 alone. Most of those cases involved customer data leaking through third-party vendors rather than an attacker actually moving funds, which is part of why the DCENT advisory — explicitly describing abnormal asset transfers, not just a data exposure — reads as more urgent than the typical disclosure. Security researchers have separately documented widespread implementation flaws across hundreds of iOS crypto wallet apps, a reminder that mobile wallet software remains one of the weaker links in the self-custody chain even when the underlying hardware is sound.
For now, DCENT's advice mirrors the standard playbook after any wallet-adjacent incident: move first, verify later, and treat any inbound contact offering to "help" as hostile until proven otherwise. Whether this resolves as an isolated App Wallet bug or something broader will depend on what DCENT's investigation turns up in the coming days.
FAQ
Should I move my funds even if I only use a DCENT hardware wallet?
DCENT says the issue currently appears isolated to the App Wallet, but users who ever entered the same recovery phrase into both the App Wallet and a hardware device are told to move funds regardless.
Is this the same as other recent wallet or network drains?
No — DCENT's advisory is specific to its own App Wallet and has not been linked to unrelated incidents at other wallets or networks; each case has a distinct cause until proven otherwise.
What should I do if I get a message offering to recover my funds?
Treat it as a scam. DCENT has explicitly warned that legitimate help will never arrive through a DM asking you to send assets to a new address.
