Ledger’s security practices are under scrutiny after a cryptocurrency user reported the loss of approximately $2.5 million in digital assets stored in the Ledger hardware wallet, including 10 Bitcoins worth $1 million and NFTs worth $1.5 million.
A user identified as @anchor_drops on X claimed that assets were stolen from his Ledger Nano S device, which was purchased directly from Ledger. According to the user’s report, the seed phrase was securely stored and was never entered into the Internet, and the malicious transactions were not signed.
“The device has not been used for two months,” @anchor_drops said on X, raising questions about the nature of the security breach.
The incident caused a mixed reaction in the crypto community. Some users speculated that the loss could be related to a long-standing vulnerability that has resurfaced. There have also been widespread concerns about potential security flaws in Ledger.
This was my story several years ago. Made a purchase from ledger store, also understand that I used a hot wallet before and never got hacked of any kind, but I got hacked after a few days when I was storing my assets on my ledger without interacting with any platform. https://t.co/FUmePh4JBi
— TARIK𓃵 | 🗽🔥 💃 (@Teriqstp) December 13, 2024
Many were more skeptical, suggesting there might be more to the story. Some community members suspected that the incident may be due to human error rather than a bug in Ledger’s security systems. This means that even if the user thought they were careful, they could mishandle the wallet.
Sounds like crap… are you trying to tell the true story? Either someone got your private key, or you didn’t get the real site’s registry, or this is complete nonsense.
— $Link Marine 💪💯🎯 (@link_we80825403) December 13, 2024
Ledger has problems, but what happened to you is not their fault. Somewhere in your chain of actions you have been compromised.
Nobody can do anything about it.
If you share your addresses, maybe the cryptocurrency and security community can help you get an answer.
– Jurad.eth (@jurad0x) December 13, 2024
A community member said that if this type of loss were widespread, many cryptocurrency holders would lose their funds.
Ledger has not yet responded to the user’s message.
