In a decisive move following a significant security incident, Ledger, a well known crypto hardware wallet manufacturer and security firm, announced a response plan. Approximately $600,000 in assets were stolen from users due to an exploit involving blind signing on EVM decentralized applications (dapps). Ledger detailed on Dec. 20, 2023, that it has vowed to fully reimburse all affected users, including non-customers, a commitment underscored by the company’s CEO, Pascal Gauthier.
Crypto Security Firm Ledger Vows Full Payback Post $600K Hack
The incident, detected on December 14, 2023, involved an exploit of the Ledger Connect Kit, which led to the injection of malicious code into various dapps. This code deceived users into signing transactions that drained their wallets. Ledger’s detection and the crypto community’s response led to several alerts, though the attack resulted in the loss of around $600k in user assets.
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