Crypto security is once again in the limelight, as Trust Wallet, a leading crypto wallet provider, has raised an alarm about a potential high-risk exploit. With a staggering price tag of $2 million for the exploit on the dark web, the company has advised its users, particularly those on iOS, to switch off iMessages as a protective measure.

What’s at stake? A zero-day exploit — a menacing type of cyberattack that capitalizes on unaddressed security flaws — is in the market. This exploit has the potential to infiltrate iPhones without the need for users to click on a malicious link. Ultimately, the attack could seize control of users’ phones and wallets, putting high-value accounts at high risk.

Supporting this warning is a shared screenshot by Trust Wallet’s CEO, Eowyn Chen. The image throws into sharp relief the danger lurking in the underbelly of the digital world. It depicts the claimed zero-day exploit available on the dark web for a horrendous $2 million.

Despite this information, the alert from Trust wallet has not been taken seriously by all. Beau, a pseudonymous blockchain researcher, criticized Trust Wallet’s alarm, citing a lack of solid evidence indicating the existence of an iOS exploit.

In spite of this skepticism, the company maintains that its sources are trustworthy, stating that the information came from its security team and partners who regularly survey the internet for potential threats. This alert follows last month’s news when Apple had to release emergency security updates to rectify two iOS zero-day vulnerabilities. This incident, coupled with Trust wallet’s recent warning, serve as reminders of the risks lurking in the crypto world.