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One user reported losing $2.5 million in Bitcoin and NFTs due to a security breach on his Ledger Nano S. The incident raises questions about Ledger's security practices and prompts community scrutiny.
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Ledger's cryptocurrency users reported losing approximately $2.5 million in digital assets stored in Ledger hardware wallets, including 10 Bitcoins worth $1 million and NFTs worth $1.5 million. Security practices are under scrutiny.
A user identified as @anchor_drops in X claimed that assets were stolen from a Ledger Nano S device that he purchased directly from Ledger. According to user posts, the seed phrase is stored securely, never entered online, and no malicious transactions were signed.
@anchor_drops said on X that “the device had not been used for two months,” raising questions about the nature of the security breach.
Source: @anchor_drops
The incident sparked mixed reactions within the cryptocurrency community. Some users suggested that this loss may be related to a long-standing vulnerability that has resurfaced. There were also widespread concerns about potential flaws in Ledger's security systems.
This is my story from a few years ago. Purchased from Ledger Store. Also, I understand that I have used hot wallets in the past and have never been hacked in any way, but when I was storing assets on a ledger without interacting with the platform, I was hacked for several days. Ta. https://t.co/FUmePh4JBi
— Tariq 𓃵 | 🗽🔥 💃 (@Teriqstp) December 13, 2024
Many were skeptical and suggested there might be more to the story. Some community members suspected that the incident was related to human error rather than a flaw in Ledger's security system. This means that even if users believe they are being careful, they can still mishandle their wallets.
That sounds like BS…but are you willing to tell me the real story? Either someone got your private key, you didn't receive the actual site ledger, or this is just a bunch of garbage. is either
— $Link Marine💪💯🎯 (@link_we80825403) December 13, 2024
Ledger has a problem, but what happened to you is not its fault. Somewhere along the line of activity you were exposed to danger.
There's nothing anyone can do about it.
Sharing your address may help the crypto/security community get answers.
— Jurad.eth (@jurad0x) December 13, 2024
Community members said many crypto holders would have lost their funds had this type of loss been widespread.
Ledger has not yet addressed the user's report.
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