Ledger was Hacked: Here’s What Happened – Webtekno

Years have passed since their launch crypto assets, even today they are in the early stages. The first reason that makes us think so is that we cannot use it widely in our daily lives. The second reason is a method to store crypto assets 100 percent securely. absence. If the stock market closes or hot wallet services such as MetaMask close their doors, we may never be able to access crypto assets again.

This is why many investors use their crypto assets as “cold walletSo, what is a cold wallet? These physical devices, generally the size of a USB memory stick, allow crypto assets to be stored. Many people think that these devices are safe. Ledger such as… Ledger is known as the world’s most popular cold wallet producer. However, the events of the past day led to the thought that Ledger was not as safe as expected. However, this was a somewhat inappropriate approach.

Former employee was hacked, Ledger software was exploited

Made from Ledger’s official X account according to description a former employee hackers was attacked. The hacker or hackers who managed to access the login information to Ledger systems are able to establish connections between Ledger devices and third-party services. Ledger Connect Kit They prepared a modified version of the library. This malware was also distributed to users.

Ledger customers, approx. for 5 hours they saw this malware. According to Ledger’s statement, the modified Ledger Connect Kit requested the transfer of assets in the cold wallet to the wallets belonging to the hacker/s. According to Ledger, as of the detection of the incident 40 minutes A study was conducted and a secure version of Ledger Connect Kit was created.

Careless users’ funds went to wallet used for hacking

During the process of distributing the malware, users aware without They transferred their money to hacker wallets. However, if the wallet address to which the transfer was made had been checked, such a problem would not have occurred. When we checked a wallet address shared by Ledger, in addition to 0.02 ETH 102 thousand dollars We see that there is a transfer of funds. According to Ledger’s statement, the Tether (USDT) team has frozen all USDT assets in this wallet (approximately 27 thousand dollars USDT).

Meanwhile; Ledger on the subject legal process Let us also point out that he started it. Ledger and its partners use all the information they have to catch the attackers. law enforcement forces They shared it with. On the other hand; Customers who suffered loss of funds were also contacted.

Don’t fall for unnecessary FUDs!

Ledger being hacked is not a good thing and you are right to react to the company. However, with the hacking news being served, there was a meaningless FUD in the markets, that is, horror environment formed. BTC, and therefore altcoins, suddenly experienced a sharp decline. So what happened next? Sudden decline accompanied by a sharp rise brought.

Above you see the hourly price chart of BTC. Around the time the Ledger incident was served 43 thousand 350 dollars BTC, traded at levels, dropped to 41 thousand 402 dollars in just 2 hours. Afterwards, the wind reversed and BTC 43 thousand 430 dollars rose to levels. As of the moment of writing this article, BTC continues to trade at $ 42 thousand 630.

What we want to say is this; If you are a cryptocurrency investor, you are used to such events and You need to be resilient.. Because those who got carried away with FUD and sold their assets actually enabled others to “buy cheap goods”. Of course, this does not mean that you should not sell no matter what, but at the slightest negative news not to panic important…