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Vulnerability in Ledger Connect Kit: what happened

Newsroom by Newsroom
December 18, 2023
in Crypto
ledger bug
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Ledger recently identified and resolved a vulnerability issue in its Ledger Connect Kit library, resulting in an estimated loss of around $600,000.

Ledger, through a post on X, has stated that it identified, removed, and replaced a malicious version of the Ledger Connect Kit library. Additionally, it has advised users to temporarily avoid interacting with any dApps. Despite this, the company confirmed that neither Ledger devices nor the Ledger Live application were compromised by the discovered vulnerability.

As explained in a tweet by Hudson Jameson, Ledger devices remain secure: ‘The Ledger hardware wallet will not be “infected” by this virus. Those who may be affected are those interacting with an application on a website using malicious code to create pop-ups or fake options to manage their Ledger in the application (thus, they can steal cryptocurrencies).’

Follow up:

You said "Ledger" exploit. Is my hardware safe? Is Ledger Live software safe?

Your physical hardware wallet Ledger itself will not be "infected" by this like a virus. You may be affected if you interact with a dapp on a website uses the malicious code to create pop…

— Hudson Jameson (@hudsonjameson) December 14, 2023

The vulnerability in question affects users who have interacted with dApps and Web3 applications in the last 3 hours. Ledger has summarized the sequence of events:

FINAL TIMELINE AND UPDATE TO CUSTOMERS:

4:49pm CET:

Ledger Connect Kit genuine version 1.1.8 is being propagated now automatically. We recommend waiting 24 hours until using the Ledger Connect Kit again.

The investigation continues, here is the timeline of what we know about…

— Ledger (@Ledger) December 14, 2023

An estimate of losses

ZachXBT, a renowned on-chain transactions investigator, was one of the first to highlight the vulnerability, reporting an attempt to steal resources that could potentially have reached a worth of about $610,000.

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