An on-chain investigator reveals millions lost in crypto due to LastPass hack
An anonymous on-chain researcher, known as ZachXBT, has disclosed that numerous crypto users fell victim to a hack targeting the LastPass password manager application. According to ZachXBT, over $4.4 million was drained from more than 25 victims in a single day on October 25, 2023. He urges anyone who may have stored their seed phrase or keys in LastPass to immediately transfer their crypto assets to a safer location. Taylor Monahan, a developer at MetaMask, confirms that the current thefts are linked to an ongoing case dating back to December 2022.
LastPass previously revealed two security incidents where hackers gained access to customer data and cryptographic keys. Monahan notes that the hacker appears to be specifically targeting large crypto holders. Notably, all the victims are highly secure individuals connected to the crypto ecosystem, including employees of reputable organizations and developers of DeFi protocols.
Hot Take: Millions Lost in Crypto Due to LastPass Hack
LastPass users have suffered significant losses due to a recent hack targeting the password manager application. On October 25, 2023 alone, more than $4.4 million was drained from over 25 victims. The hacker seems to be specifically targeting large crypto holders who are deeply integrated into the crypto ecosystem. This incident highlights the importance of securing crypto assets and using trusted platforms for storing sensitive information. It serves as a reminder for users to regularly review their security practices and take immediate action if they suspect any compromise. Protecting your crypto assets is crucial in today’s digital landscape.
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