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Home»BLOCKCHAIN NEWS»Ledger faces investigation after user demands $2.5 million in Bitcoin and NFTs stolen
BLOCKCHAIN NEWS

Ledger faces investigation after user demands $2.5 million in Bitcoin and NFTs stolen

By Crypto FlexsDecember 13, 20242 Mins Read
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Ledger faces investigation after user demands .5 million in Bitcoin and NFTs stolen
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Key Takeaways

  • A user reported losing $2.5 million in Bitcoin and NFTs due to a security breach on his Ledger Nano S.
  • The incident raised questions about Ledger’s security practices and prompted a community investigation.

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Ledger’s security practices are under investigation after a cryptocurrency user reported losing approximately $2.5 million worth of digital assets stored in a Ledger hardware wallet, including 10 Bitcoins worth $1 million and NFTs worth $1.5 million. there is.

A user identified as @anchor_drops on X claimed that assets were stolen from a Ledger Nano S device purchased directly from Ledger. According to the user’s post, the seed phrase was stored securely, has never been entered online, and no malicious transactions have been signed.

@anchor_drops told X: “This device hasn’t been used in two months,” raising questions about the nature of the security breach.

Source: @anchor_drops

The incident sparked mixed reactions within the cryptocurrency community. Some users have suggested that these losses may be related to long-standing vulnerabilities that have resurfaced. There were also widespread concerns about potential flaws in Ledger’s security system.

This was my story a few years ago. I purchased it from the Ledger store. I’ve also used hot wallets before and have never experienced any kind of hacking, but I was hacked for several days just storing assets on my ledger without interacting with any platform. https://t.co/FUmePh4JBi

β€” Tariq𓃡 | πŸ—½πŸ”₯ πŸ’ƒ (@Teriqstp) December 13, 2024

Many were more skeptical, suggesting there might be more to the story. Some community members suspected that the incident may be related to human error rather than a flaw in Ledger’s security system. This means that even if you thought you were careful, you may have mishandled your wallet.

That sounds like BS… Do you want to tell a true story? Either someone got your private key, or you didn’t get the ledger for your actual site, or this is garbage.

β€” $Link Marine πŸ’ͺπŸ’―πŸŽ― (@link_we80825403) December 13, 2024

Ledger has problems, but what happened to you is not Ledger’s fault. Somewhere in your chain of activities you have made a compromise.

There is nothing anyone can do about it.

Sharing your address may help the cryptocurrency/security community find answers.

β€” Jurad.eth (@jurad0x) December 13, 2024

One community member said that if these types of losses were widespread, many cryptocurrency holders would have lost their funds.

Ledger has not yet processed your report.

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