$2.5 Million in Crypto Assets Stolen from Ledger Wallet

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$2.5 Million in Crypto Assets Stolen from Ledger Wallet

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 16, 2024

Key Takeaways

A Ledger user lost 10 BTC and $1.5 million in NFTs due to a phishing scam linked to a hacked Ethereum address from February 2022;
Blockchain analysis traced the theft to a phishing transaction labeled “Fake_Phishing5443”, revealing vulnerabilities from old hacks;
The case highlights the importance of vigilance in crypto security, even for incidents linked to years-old malicious activities.

$2.5 Million in Crypto Assets Stolen from Ledger Wallet

On December 13, a hardware wallet owner known as "Anchor Drops" reported financial losses of 10 Bitcoin BTC $98,091.91 stored in their Ledger Nano S wallet—a sum equivalent to nearly $1 million.

An X user, @kdean, shared insights linking the losses to a phishing transaction labeled “Fake_Phishing5443".

The transaction was reportedly executed on February 22, 2022, and involved the hacked Ethereum address ETH $3,483.51 disclosed by the victim.

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Interestingly, the suspected phishing activity traces back to an incident that occurred more than a year ago but is only now causing severe damage.

The victim shared their experience on X, stating:

Hey Ledger, tonight I lost 10 BTC and ~1.5m of NFTs stored on my Ledger Nano S.

The victim said that they purchased the wallet directly from Ledger and have stored the seed phrase in a secure location. They also claimed to have lost $1.5 million in non-fungible tokens (NFTs) stored in the same wallet.

Further investigations by blockchain security platforms support this timeline, confirming that the malicious transaction detected by KDean was likely the cause of the stolen funds and digital assets.

This phishing attack is not the only way crypto holders have been targeted recently. A part-time job offer became a trap, wiping out a crypto wallet. How did the incident happen? Read the full story.