Cybercriminals Swipe $4.4 Million From 25 Lastpass Password Manager Users

Digital Assets Stolen from Lastpass Users

Over 80 addresses belonging to 25 users of the password management app Lastpass were compromised, resulting in the theft of approximately $4.4 million worth of digital assets. The incident, believed to have occurred on October 25, is thought to be the work of a single threat actor. An analysis suggests that this theft may be linked to a larger case dating back to December 2022 when Lastpass’s cloud-based storage environment was breached.

Lastpass attempted to reassure users following the breach but faced skepticism. Crypto theft investigator Zachxbt has advised Lastpass users to remove their keys and passphrases from the app, especially if they suspect they have stored their seed phrase or keys there.

Call for Sharing Theft Transaction Hashes

Zachxbt took to social media to warn users about the Lastpass hack and urged them to migrate their crypto assets if they believe their seed phrase or keys were stored in the app. They also encouraged other potential victims of the hack to share transaction hashes related to the theft.

Some social media users blamed the victims for using Lastpass, but Zachxbt pointed out that many high-profile individuals also use the app.

Hot Take: Protect Your Digital Assets by Securing Your Keys

Digital assets worth approximately $4.4 million were reportedly stolen from more than 80 addresses belonging to 25 users of the password management app Lastpass. Crypto theft investigator Zachxbt has urged crypto asset holders using the password manager to consider removing their keys and passphrases from the app.

This incident highlights the importance of securing your keys and seed phrases. Storing them in password management apps may expose them to potential hacks and thefts. It is crucial to take proactive measures to protect your digital assets, such as using hardware wallets or offline storage solutions. Regularly reviewing your security practices and staying informed about potential vulnerabilities can help safeguard your investments in the crypto space.