In the world of cryptocurrencies and blockchain technology, Ledger is known for its secure hardware wallets, which are considered one of the safest ways to store cryptocurrencies. However, recently the company hit the headlines due to a serious security incident that affected its systems.
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Cryptocurrencies in Ledger wallets appear to be safe again
A malicious attack on the Ledger Connect Kit caused quite a stir at the crypto company. The attackers managed to bypass the Connect Kit’s security measures. There have been serious concerns about the security of cryptocurrencies stored in Ledger wallets. The Connect Kit is a component that connects Ledger’s hardware wallet to external applications such as exchanges.
The attack on Ledger Connect Kit was first noticed by security researchers. They found that the attackers managed to inject malicious code. This code would have the ability to steal sensitive information such as private keys and login credentials. This could allow attackers to gain access to victims’ cryptocurrency. According to Ledger, approximately $484,000 worth of cryptocurrencies were stolen.
Ledger has now informed its users that the Connect Kit is safe via a post on X (formerly Twitter):
“It has been confirmed that the Ledger and WalletConnect malicious code has been disabled. You can now safely use your Ledger Connect Kit. Remember, we always encourage a clear signature.”
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Ledger crypto CEO takes action
In response to the attack, Ledger released a statement on its official blog. The message, signed by Ledger Chairman and CEO Pascal Gauthier, acknowledged the security breach and apologized to affected customers. Gauthier emphasized that the company took immediate action to address the vulnerability and prevent further damage. Additionally, he stated that the company is working with law enforcement agencies to identify and hold perpetrators accountable.
The statement also highlighted Ledger’s commitment to continually improving the security of its products and investing in technologies to prevent such incidents in the future.
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