The security activities of Ledger are being closely monitored after a user reported the loss of about $2.5 million in digital assets stored in a Ledger hardware wallet. The stolen assets include 10 Bit worth $1 million and Non Fungible Tokens worth $1.5 million.
The user, identified as @anchor_drops, claims that the assets were stolen from a Ledger Nano S wallet they purchased directly from Ledger. According to the post, the recovery phrase (seed phrase) was securely stored and never entered online. They also emphasized that no malicious transactions were signed.
"The device has not been used for two months," @anchor_drops shared, raising many questions about the nature of the security breach.
The incident has sparked a wave of debate in the crypto community. Some believe the incident may be related to a long-standing security vulnerability. Others express concerns about the potential risks in Ledger's security system.
However, many believe that human error may be the main cause in this case. This underscores that even if users trust their security measures, the risk from mishandling or carelessness is always present.
The gate.io exchange has denied rumors that its platform was attacked, affirming that all operations are running normally. This statement was made after rumors of a security breach began circulating early Friday on X and Telegram chat groups.
"The Gate.io security team has not detected any abnormalities, nor have we received any reports from cybersecurity agencies. Deposit, withdrawal, and trading activities are all proceeding normally. Please do not believe unverified rumors!"
Despite rumors advising users to withdraw assets from the exchange, data from defillama shows the total assets on gate.io have hardly changed. This somewhat reinforces the credibility of the company's statement.
In an official announcement on the website, Gate.io strongly condemns the dissemination of misinformation and warns that they reserve the right to take legal action against individuals or organizations spreading rumors that cause confusion.
Gate.io continues to urge users to remain calm and not be affected by unverified information.
Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.
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