JOURNAL ARTICLE

Ledger wallets drained in crypto's latest embarrassing hack.

  • Published In: Fortune.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Roberts, Jeff John 3 of 3

Abstract

The article focuses on a recent security breach involving Ledger SAS, a company known for its hardware wallets in the cryptocurrency sector. Hackers compromised software used to connect Ledger devices to decentralized applications, resulting in the theft of over $500,000 from various wallets. Although Ledger quickly issued a software update to address the issue, the incident has raised concerns about the company's security practices and the overall reputation of the crypto industry, which often promotes its products as highly secure. The breach was reportedly facilitated through a phishing attack on a former employee, highlighting vulnerabilities in cybersecurity protocols. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2023/12, pN.PAG
  • Document Type:Article
  • Subject Area:Computer Science
  • Publication Date:2023
  • Accession Number:174277254
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