Ledger seem compromised again

[KiaKia]

If you are using ledger hardware wallet please do not connect to any dapps right now until futher notice, it seems this hardware wallet is freaking too vulnerable to attacks right now.

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[m2017]

If you are using ledger hardware wallet please do not connect to any dapps right now until futher notice, it seems this hardware wallet is freaking too vulnerable to attacks right now.

The picture says "More details below". Isn’t it just by clicking on such links that fun adventures with hacked wallets and everything else begin?

It was possible to copy / paste part of the text with the main idea of the article here, right? Of course, with reference to the original source. So that forum users can find out everything regarding this incident right here.

[Hamza2424]

Yep! I've seen so many community alert posts on social media, indicating the compromise of the Ledger's ConnectKit Library with Revoke. Cash. I've personally taken some actions and disconnected all of my active connections with most of Dapps. Playing safe in such circumstances is good for funds.

I'm not sure why are you creating this thread so late and TBH I've not scrolled any other section yet, maybe there are some of early threads already covering this topic.

[Marvelman]

Ledger's having some problems recently.  Not sure what's going on over there, but seems their hardware wallets are dealing with security vulnerabilities lately and  they used to be the best option for most folks wanting a hardware wallet.  But I've seen a bunch of reports about issues compromising security.  Id hold off linking your Ledger to any decentralized apps until we get an all-clear.  Who knows if connecting it could put your crypto at risk given their ongoing problems.

[coolcoinz]

It's only if you install new software. I don't update to newest versions right away because I've learned over the years that updates often are unstable and you have to install fixes later. It's better to wait for a while.

Also, they're fixing this, so if you still using ledger, wait a few days until it calms down and move it to something better. Their updates that allowed them to access your wallet were the first warning for users that this company is not the best choice. Now there's this little problem. Let's see how many people lose their savings because of this bug.

[Hamza2424]

It's only if you install new software. I don't update to newest versions right away because I've learned over the years that updates often are unstable and you have to install fixes later. It's better to wait for a while.

Also, they're fixing this, so if you still using ledger, wait a few days until it calms down and move it to something better. Their updates that allowed them to access your wallet were the first warning for users that this company is not the best choice. Now there's this little problem. Let's see how many people lose their savings because of this bug.

Well, that's right. I've been trying some testnet nodes and they are frequently sending updates, I was worried about the system security because even after installing all those updates, the system was not behaving smoothly.

Anyway, it's about the ledger, hmm other reliable options are compared to the legder because the update you've mentioned was briefly covered in many topics here, At that time as well people were moving from the ledger. I think Trezor is one of the renowned ones.

[AirtelBuzz]

If you are using ledger hardware wallet please do not connect to any dapps right now until futher notice, it seems this hardware wallet is freaking too vulnerable to attacks right now.

The ledger issue is now fixed.



source: > https://twitter.com/Mudit__Gupta/status/1735301007188406681

[tread93]

You can't trust those ledger devices as far as you can throw them nowadays, especially after the stunts they have pulled. Their reputation is completely screwed and it is sad to see it happen but having this happen now on top of all of that? I'm not sure how much longer the company will last if they continue being so vulnerable and going against the best interests of their users.

[FinneysTrueVision]

It's been one shitshow after another for Ledger these past couple of years. They've had a database breach, the Ledger Recover controversy, the Ledger Stax device which remains undelivered after they started accepting pre-orders over a year ago, now there is this hack which compromised any dapp using the ConnectKit library.

After being the most popular hardware wallet for a long time they have now completely destroyed their reputation with all these blunders. I can't imagine anyone who would still trust them enough to store their private keys on one of their devices.

[mk4]

tl;dr your Ledger hardware wallet is fine. This security issue concerns the Ledger Connect Kit, in which a hacker used malicious code to display a separate wallet connection UI modal on DeFi protocols.

Some facts:

1. You need to confirm a malicious transaction on your Ledger device for your funds to be stolen
2. This was caused by a phished account of an ex-employee hence the hacker was able to push code
3. This security issue is only with concern to EVM(Ethereum Virtual Machine)-related platforms. If you're bitcoin-only, you're totally unaffected.

[yudi09]

Their CEO has explained this hack. And as people here say, as long as users only use Bitcoin, it doesn't matter at all.
CEO Ledger has collaborated with law enforcement to follow up on this process. According to Pascal Gauthier, Ledger will implement a stronger security system in the future after this incident. Gauthier added that Ledger Connect Kit 1.1.8 is secure.

This source comes from Cointelegraph.
https://cointelegraph.com/news/ledger-ceo-explains-hack-calls-it-isolated-incident

[adaseb]

All over Twitter people are filming themselves destroying their ledgers. This is numerous times that something like this has happened. Do you feel safe storing your crypto this way?

Ledger needs to be open sourced and the chances of this happening will be lower, however since they are for profit they obviously aren’t going to do that.

Best cold storage these days is anything that is open sourced.

[NeilLostBitCoin]

I have a Ledger hardware wallet, but I don't feel safe storing it here because it has been compromised before. If there is more news of it being compromised again, I would be forced to sell it.

All over Twitter people are filming themselves destroying their ledgers. This is numerous times that something like this has happened. Do you feel safe storing your crypto this way?
Ledger needs to be open sourced and the chances of this happening will be lower, however since they are for profit they obviously aren’t going to do that.
Best cold storage these days is anything that is open sourced.

I don't think the company will refrain from doing such things because it's their business and they want to earn more profit. However, I hope they will take all the necessary measures to prevent such incidents from happening again in the future. If this issue persists, it could damage the reputation of the company. Who knows if potential customers will trust their hardware wallet if there are always security issues?

[Zaguru12]

All over Twitter people are filming themselves destroying their ledgers. This is numerous times that something like this has happened. Do you feel safe storing your crypto this way?

I think this one of the last stroke for people using Ledger hardware wallets, they might not be affected yet especially people storing only bitcoin but what happens next? Their new recovery policy was already a warning and after this I would say people should be careful about the product.

Ledger needs to be open sourced and the chances of this happening will be lower, however since they are for profit they obviously aren’t going to do that.

They have actually opted to go for open source after the recovery saga and many users complained I don’t know if they have implemented it or not but still that won’t bring back the trust that has already been broken.

Best cold storage these days is anything that is open sourced.

Not that open source wallet are even 100% temper proof from hacks even the likes of Trezor still have there vulnerabilities although with the code public users who are tech savvy can easily dictate a back door even though not all. I will consider a cold wallet set up by me personally on an airgap device more secure this days.

[SamReomo]

If you are using ledger hardware wallet please do not connect to any dapps right now until futher notice, it seems this hardware wallet is freaking too vulnerable to attacks right now.

I have been seeing that news on many Telegram channels that I have subscribed and other social media platforms are also reporting that news. If that's the case then one should be careful with the Ledger wallet. That's why I always recommend everyone to use open-source software base wallet instead of relying on hardware wallets.

The open-source software wallets are much secure as compare to the hardware wallets and I believe the ones who rely on hardware wallets can be huge troubles. Trusting someone's hardware is a risky thing and that's why I believe software based personal wallets works like a charm. I would prefer to go with Electrum as that's the one I use and I will always recommend it.

I hope that users will be safe from this hack and they may not lose any of their funds due to the hardware wallet vulnerabilities. A reminder to those who save their Bitcoin on hardware wallets. Kindly, go with an open source software wallet and an air gapped system to be secure as a Bitcoin holder.

[Litzki1990]

Currently users are facing several issues with this hardware wallet. It is believed that users are facing such problems due to their security system being weak. This company once had a good reputation but due to weak security systems, their reputation has been ruined and their user base has dropped drastically. They are finding it difficult to survive in the market as they are now and not sure if this company can survive at all.

[pinggoki]

Whoever was the weakest link in the backend of Ledger is going to have his ass handed to him, this isn't just some minor issue because a lot of people have trusted Ledger for a really long time and this happening to them is definitely a damage to their reputation. Hopefully the problem is going to be addressed and that they will find some way to compensate the people that was a victim of the hack and that the authorities are on the case because this is the type of cyber criminal that needs to be punished, no way that there's no malice involved in doing this unlike most hackers that do it for the challenge or the thrill.

[Jaycoinz]

All over Twitter people are filming themselves destroying their ledgers. This is numerous times that something like this has happened. Do you feel safe storing your crypto this way?

Ledger needs to be open sourced and the chances of this happening will be lower, however since they are for profit they obviously aren’t going to do that.

Best cold storage these days is anything that is open sourced.

I don't have any business with ledger wallet whatsoever but its seem the hack was really big although the CEO is claiming their doing everything under their power to actually maintain the issue from getting out of hand but it would be best for everyone that is using the wallet to actually lay off and stay on a low because it's better to play safe than be ignorant and suffer the cost.

Aslo read this article ledger wallet hack about some of the stolen assets worth $60000 has been frozen by the appropriate network in charge of the transaction.

[joniboini]

the CEO is claiming their doing everything under their power to actually maintain the issue from getting out of hand but it would be best for everyone that is using the wallet to actually lay off and stay on a low because it's better to play safe than be ignorant and suffer the cost.

The issue is related to their dapps software, not the HW itself as far as I understand it. Basically a lot of dapps use their connectkit to interact with web3 wallet and somebody managed to publish a fake version of it. While they've published the right version, people should at least their browser cache to ensure they don't cache the fake version. It doesn't matter whether you use Ledger HW or not, as long as your favorite dapps use Ledger's connectkit, you're at risk if you don't do that.

Ledger should improve how they educate their employees since all of this happens because of a phishing attack, which in theory should not be unfamiliar for people who work at a crypto company.

[Text]

According to recent reports, Ledger’s Connect Kit software was compromised, and over $600K in crypto was reportedly drained. Ledger issued an update to its software a few hours after the incident, but users are advised to be cautious about interacting with apps for now. However, it’s important to note that Ledger’s software inside of the hardware wallet was not compromised. The issue lies with the Ledger Connect Kit software, not the hardware wallet itself. So, while your crypto assets should still be secure, it’s recommended to avoid connecting to any decentralized applications temporarily until further notice.

https://economictimes.indiatimes.com/news/international/us/why-has-hardware-wallet-manufacturer-ledger-warned-users-not-to-connect-to-any-dapps/articleshow/106000442.cms
https://insidebitcoins.com/news/ledgers-crypto-nft-hardware-wallet-got-hacked-over-600k-crypto-drained
https://finance.yahoo.com/news/ledger-wallets-drained-crypto-latest-165413366.html