Experts Advise Caution Following Alleged Ledger Library Breach
Recent reports have indicated that there may be a security issue with the Ledger Library, with claims of an exploit and wallet drainer. One user named “Banteg” confirmed the compromise of the Ledger Library and urged caution, advising people to avoid using any decentralized applications (dapps) until the situation becomes clearer. Blockchain developer Hudson Jameson also confirmed the library’s compromise and warned against interacting with dapp front ends on websites, as malicious entities could potentially transfer assets through deceptive browser wallet prompts.
Websites and Dapps Vulnerable to the Bug
A number of dapps, including Revokecash, Zapper, and Sushi, are reportedly vulnerable to the bug. Users are being advised to refrain from using these applications until their respective teams confirm that the issue has been resolved. The seriousness of the situation has prompted warnings from various developers and crypto enthusiasts on social media. Ledger has acknowledged the issue and is actively working on a resolution, but safety will only be restored once affected dapps update their use of Ledger’s Web3 libraries.
Ledger Provides Updates and Warnings
Ledger has officially confirmed the issue and has replaced the malicious file in the Ledger Connectkit Library. However, the company advises against interacting with any dapps for the time being. Ledger assures users that their Ledger devices and Ledger Live were not compromised. The genuine version of the file has been pushed to replace the malicious one and the situation is being closely monitored. Ledger plans to release a comprehensive report and reminds users to always verify their transactions and to stop any transaction if there is a discrepancy between their Ledger device screen and their computer or phone screen.
Takeaway: Exercise Caution When Using Dapps Linked to Ledger Library
Following an alleged breach of the Ledger Library, caution is advised when using dapps that rely on Ledger’s Web3 libraries. Experts recommend refraining from interacting with dapp front ends on websites and avoiding the use of vulnerable applications until the issue is resolved. Ledger is actively working on resolving the situation and has replaced the malicious file. However, users should remain vigilant and verify transactions to ensure their safety. As the situation develops, it is important to stay informed and follow updates from Ledger and the dapp teams affected by the breach.
By
By
By
By