Crypto thief steals $4.4M in a day as toll rises from LastPass breach

Share This Post

Estimates in September revealed that at least $35 million in crypto has been stolen from victims of the LastPass breach since 2022, with the latest hack adding to the toll.

At least 25 people have reportedly seen $4.4 million in crypto drained from across 80 wallets due to a 2022 data breach that impacted password storage software LastPass.

In an Oct. 27 X (Twitter) post, pseudonymous on-chain researcher ZachXBT said they and MetaMask developer Taylor Monahan tracked the fund movements of at least 80 wallets compromised on Oct. 25.

“Most, if not all, of the victims are longtime LastPass users and/or confirm having stored their [crypto wallet] keys/seeds in LastPass,” Monahan said in an accompanying Chainabuse report.

In December 2022, LastPass disclosed an attacker leveraged information previously stolen in a breach that August to target a LastPass employee, snagging their credentials and decrypting stored customer information.

Also stolen was a backup of encrypted customer vault data which LastPass warned could be decrypted if the attacker brute force guesses the account’s master password.

Related: Blockchain congestion and transaction queues actually deter ‘nefarious actors’: Study

In a September blog post, cybersecurity journalist Brian Krebs reported some of the LastPass customer vaults had seemingly been cracked and over $35 million worth of crypto had been stolen from around 150 victims.

In January, LastPass was hit with a class-action suit from individuals claiming the August 2022 breach resulted in the theft of around $53,000 worth of Bitcoin (BTC).

In his latest X post, ZachXBT advised anyone who ever stored a wallet seed or private key in LastPass to “migrate your crypto assets immediately.”

Magazine: Deposit risk: What do crypto exchanges really do with your money?

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Miners Sold Over 3,000 BTC In The Past 48 Hours – Consolidation Phase Ahead?

Bitcoin has maintained its bullish momentum over the weekend, solidifying its position above the $90,000 mark This milestone showcases Bitcoin’s resilience as it continues to captivate investors

Bybit Rallies to Support Flood-Stricken Communities in Spain: A Commitment to Recovery

Bybit has announced its commitment to assist communities affected by the catastrophic floods in Valencia and other regions of Spain, which have resulted in over 200 fatalities, thousands of displaced

Solana Breaks Above Key Resistance At $225 – ATH Next?

Solana (SOL) has captured the market’s attention after a series of volatile days, finally breaking above the $225 mark to reach new yearly highs Currently trading at $235, Solana sits just 10%

Bitcoin’s $90K Era: A Fleeting Moment or the Start of a New Chapter?

On Sunday, Nov 17, bitcoin is holding steady above $90,000, a figure that it has flirted with multiple times since Nov 12 The leading cryptocurrency, however, remains in the price discovery phase,

Spot Ethereum ETFs See $515 Million Record Weekly Inflows – Details

The US-based spot Ethereum ETFs have continued to experience a high market interest following Donald Trump’s emergence as the next US President As institutional investors continue to position

Bitcoin 2024: Ten Months in Review, Key Milestones, and Expert Predictions for Year-End

As of Nov 11, 2024, bitcoin (BTC), the undisputed crypto heavyweight, has enjoyed a phenomenal year Over the last ten months, it has been breaking records across the board From hashrates to daily