Ledger User Loses $1M in BTC and $1.5M in NFTs to 2022 Phishing Attack

A user of Ledger hardware wallets reported losing 10 Bitcoin (BTC) and $1.5 million in NFTs due to a phishing attack that occurred in 2022. The breach was traced back to a malicious Ethereum transaction, which drained the wallet years later. Ledger has confirmed that the attack was not a result of any vulnerability in their hardware but was due to the user signing a malicious transaction. This incident underscores the ongoing risks of phishing scams, which can affect multiple assets and remain undetected for extended periods. The user had purchased the device directly from Ledger, and the seed phrase was securely stored, highlighting that even with proper security measures, users can still fall victim to sophisticated phishing attacks. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io