The latest crypto hack involved one of the industry’s top names in security: hardware wallet-maker Ledger. The Paris-based startup saw its Ledger Connect Kit software compromised leading to hundreds of thousands of dollars being drained from users’ wallets early Thursday.
Ledger said in a statement that the exploit originated from a phishing attack that targeted a former employee. The hacker published malicious code that rerouted user funds to their own wallet during transactions with decentralized applications, or dapps, that used the affected software. The company said that the malicious code was live for around five hours.
