Many DeFi protocols were affected by the supply chain assault on Ledger ConnectKit.
Kyber and RevokeCash swiftly deactivated their front ends in response to the threat.
A surprising event occurred in the Decentralized Finance (DeFi) arena when the Ledger ConnectKit was the victim of a supply chain assault, which resulted in a rug-pull security compromise.
Malicious code injection into different Decentralized Applications (dApps) is possible due to the vulnerability, which has been dubbed a “supply chain attack.” This puts users and their assets at considerable danger. Web3 security company Blockaid has identified LedgerHQ’s ConnectKit, notably versions larger than 1.1.4, as the compromised package in the assault.
As per Ledger, a former employee of Ledger was hacked this morning and their NPMJS account was compromised as a result of a phishing effort. A hacker’s wallet was redirected to by the malicious code using a rogue WalletConnect project. In an effort to identify the perp
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