Cryptocurrencies

    Ledger security breach leads to $484,000 loss

    Article Image

    An unknown attacker has breached Ledger's Connectkit Library, stealing $484,000 from wallets, according to Lookonchain, an onchain intelligence firm.

    The breach was reportedly enabled through a former employee who fell victim to a phishing attack.

    Utilising this access, the attacker uploaded a malicious bug to the Ledger Connectkit Library.

    The company has responded to the hack, and released version 1.1.8 to address the vulnerabilities exploited in the attack.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa