hack or exploit

Ledger users reportedly drained of over $86 million in suspected exploit

27Importance
closedStatus
21News media
29Pieces
Published
Updated
Since then
28 new reports
In
Wallets and custody
Also mentions
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A public post on Oct. 9 said a trace of theft addresses linked to reported Ledger wallet drains showed more than $86 million in losses across several blockchains. The addresses were described as taking funds from hundreds of victims’ wallets on Ethereum, TRON and Bitcoin.

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Key claims & sources

✓
The incident was described as a suspected exploit involving Ledger users being drained of over $86 million.
Ledger users reportedly drained of over $86 million in suspected exploit
✓
On Oct. 9, Specter said a trace of theft addresses showed losses of more than $86 million from reported Ledger user wallet drains.
Ledger Users Reportedly Drained of Over $86 Million Across Several Blockchains
✓
Specter said the funds came from hundreds of victims’ wallets on multiple major chains, including Ethereum, TRON and Bitcoin.
Ledger Users Reportedly Drained of Over $86 Million Across Several Blockchains

What it means

Ledger users are the people most directly affected today, because the event was framed as a drain of their wallets and as involving hundreds of victims across several chains. Anyone using Ledger devices or following hardware-wallet security will see the incident as relevant to their own setup and to the broader market for self-custody tools.

Market reaction i

BitcoinBTC it is the asset of the company or protocol in the event
first headline
+0.8% 2 h before
-0.5% 4 h after
$83,109price at publication
12data points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 9 12:55
+46 min
Oct 9 13:41
+52 min
Oct 9 13:47
+56 min
Oct 9 13:51
BeInCrypto context
Its angle: merchandise, controls, operates; with quotes
+1 h 47 m
Oct 9 14:41
Crypto News Flash adds
Sharpens the figure: $87M, with quotes
+1 h 52 m
Oct 9 14:47
CoinDesk echo
No new facts: explanation, unconfirmed, connection; with quotes
+1 h 58 m
Oct 9 14:52
+2 h 35 m
Oct 9 15:30
+3 h 44 m
Oct 9 16:39
Finance Magnates echo
No new facts: immediately, 4p918uh8yb, questions
+3 h 45 m
Oct 9 16:40
Protos adds
Adds $500M and $80M, with quotes
+4 h 3 m
Oct 9 16:58
Crypto Economy echo
No new facts: allegations, transferred, according; with quotes
+4 h 7 m
Oct 9 17:02
Cointelegraph echo
Picks up what was published, with no new facts
+4 h 31 m
Oct 9 17:26
+5 h 35 m
Oct 9 18:30
CR Cryptopolitan echo
No new facts: rathakrishnan, international, pseudonymous; with quotes
+7 h 34 m
Oct 9 20:29
Crypto Economy echo
No new facts: manufacturing, distribution, recommending; with quotes
+9 h 20 m
Oct 9 22:15
The Coin Republic echo
No new facts: investigated, initialized, intensifies
+16 h 42 m
Oct 10 05:37
CP CryptoPotato echo
No new facts: infrastructure, installation, importantly; with quotes
+21 h 5 m
Oct 10 10:00
+21 h 54 m
Oct 10 10:49
U.Today adds
Sharpens the figure: $93M
+1 d 3 h
Oct 10 16:40
Crypto Briefing echo
No new facts: measures, enhanced, critical
+1 d 17 h
Oct 11 06:23
crypto.news echo
No new facts: targeting, website, google
+2 d 2 h
Oct 11 15:04
+2 d 2 h
Oct 11 15:08
Crypto Briefing echo
No new facts: vulnerabilities, decentralized, challenges
+2 d 2 h
Oct 11 15:32
crypto.news adds
Sharpens the figure: $92M
+2 d 18 h
Oct 12 07:01
The Daily Hodl echo
No new facts: initialize, encourage, triggered; with quotes
+2 d 18 h
Oct 12 07:33
Cryptonews.com echo
No new facts: especially, suspending, explained; with quotes
+2 d 18 h
Oct 12 07:44
The Defiant echo
No new facts: announcement, acquisition, operations
+3 d 3 h
Oct 12 16:32
+4 d
Oct 13 13:35
Protos echo
No new facts: cointelegraph, photographed, discoveries; with quotes

Thefts of a similar size

WhenWhat happenedFigure
5.2 years ago Liquid · Wallet stolen incident $91.3M
1.4 years ago Nobitex · Malware incident $90M
2.4 years ago BtcTurk · Hot wallet key compromised incident $90M
5.1 years ago Mirror · Improper access control incident $90M
3.0 years ago Heco Bridge · Hot Wallet Key Compromised incident $86.6M

4282 incidents stored · 81 were as large as this one or larger ($93M)