Hackers Steal $484k by Injecting Malicious Code into Ledger’s Connect Kit

Table of Contents

Key Points:

Hackers target Ledger’s Connect Kit on GitHub, inserting malicious code.
The attack leads to a theft of $484k.
Decentralized finance (DeFi) protocols affected by the breach.
Users warned to steer clear of decentralized apps (dApps) until further updates.

Stay Away from dApps for Now!

Breaking news in the crypto world – hackers strike again! This time, they zeroed in on Ledger’s Connect Kit on GitHub. With their evil genius at play, they successfully inserted malicious code, leading to a whopping theft of $484k. Talk about hacking your way into prosperity!

The repercussions of this attack have rippled through the DeFi space, impacting various protocols and leaving users in a state of dismay. With decentralized apps (dApps) feeling the heat, the crypto community is being warned to hold off on using them until further updates are provided.

So, fellow crypto enthusiasts, it’s time to play it safe and keep your distance from dApps for now. The hackers may have had their moment of triumph, but fear not, for updates and solutions are on their way. Stay alert, stay secure, and let’s keep our wallets out of harm’s way!

Read full article at https://www.coindesk.com/business/2023/12/14/ledger-exploit-drained-484k-upended-defi-former-staffer-linked-to-malicious-code/?utm_medium=referral&utm_source=rss&utm_campaign=headlines