November 27, 2023

Image Credit: Cryptonews

Ledger's $484K Hack: Security Breach & Implications

December 16, 2023

Stolen Assets & Impact

Hacker steals approximately $484,000 in assets from Ledger, with potential significant financial consequences.

Image Credit:  Blogspot

Attack Details & Transactions

Malicious code in Ledger's Connect Kit affects major protocols; #LedgerExploiter transfers assets to #AngelDrainer.

Image Credit:  Cryptonews

Ledger confirms a phishing attack on an employee, resulting in the unauthorized release of compromised Connect Kit code.

Phishing Attack & Compromised Code

Image Credit: Cryptonews

Ledger swiftly identifies and removes the harmful software, but funds are drained within two hours.

Prompt Response & Removal

Image Credit:  IB Times

DeFi Community Vulnerabilities

Security concerns arise as DeFi protocols, including Sushi, Lido, Metamask, and Coinbase, face vulnerabilities due to reliance on external code.

Image Credit:  Newscrypto

Broader Impact on Users & Services

Hack extends to users of revoke.cash, compromising efforts to secure assets after the breach.

Image Credit: Shutterstock

Ledger’s Security Challenges

Previous data breach in 2020 and ongoing security issues underscore the need for robust security protocols in the decentralized financial industry.

Image Credit: Twitter