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New 80 Wallet Hacked, $4M+ Crypto Stolen from 25 LastPass Users

Published 10/29/2023, 04:34 PM
Updated 10/29/2023, 04:45 PM
New 80 Wallet Hacked, $4M+ Crypto Stolen from 25 LastPass Users

  • LastPass hack results in about $4.4 million crypto theft from 25 investors.

  • Crypto security expert warns against entrusting mnemonic phrases to third-party services.

  • Over 80 crypto wallets were compromised in the recent security breach.

Crypto enthusiasts have again become victims of a high-profile hack following the compromise of the renowned password manager LastPass. In a recent statement on the X platform (formerly Twitter), prominent blockchain security threat tracker ZachXBT disclosed that over 25 crypto investors have been drained of millions of dollars resulting from the exploit of LastPass.

ZachXBT noted that the hack on the victims happened in a single day last week, with over $4 million stolen in cryptocurrency. “Just on October 25, 2023, alone, another $4.4M was drained from 25+ victims due to the LastPass hack,” the investigator proclaimed.

The post New 80 Wallet Hacked, $4M+ Crypto Stolen from 25 LastPass Users appeared first on Coin Edition.

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