Ledger crypto wallets hacked in $90 million theft
Hackers reportedly drained about $90 million from hardware wallets, with Ledger investigating and Malaysia's CryptoBilis facing an inquiry over customer thefts.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Ledger said it was investigating a hack that drained $90 million from its hardware wallets. Reports from Ledger SAS link the thefts to a group of criminals who modified the devices. In Malaysia, CryptoBilis faces an investigation after numerous customers reported thefts from their wallets.
Why it matters
Victims' losses total over $90 million, and cybersecurity experts are raising red flags about hardware wallets becoming a new entry point for hackers.
Timeline
- Oct 17, 5:30 PM ET: A scam operator was reported to have lost over 60 BTC in the Ledger hack.
- Oct 18, 1:22 AM ET: CryptoBilis in Malaysia faced an investigation after numerous customers experienced thefts from hardware wallets.
- Oct 18, 7:15 PM ET: Ledger had said it was investigating a hack that drained $90 million from its devices.
Coverage
- Crypto Hardware Wallets Become New Entry Point for Hackers (PYMNTS)
- Ledger crypto wallets compromised in hardware attack linked to $90M theft (Investing.com)
- The Crypto devices built to foil hackers came with spies inside (Economic Times)
- One of the Biggest Victims of the Ledger Hack Was a Crypto Scammer. (247wallst.com)
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