Users of the LastPass password manager application have suffered a significant loss of $4.4 million worth of crypto assets in a single day. This comes a year after LastPass disclosed a previous security breach where hackers gained access to its cloud storage keys and dual storage container decryption keys. The recent asset loss was discovered by on-chain investigator ZachXBT, who found that approximately $4.4 million in digital assets were stolen from 85 distinct wallets belonging to 25 LastPass users. In light of this, LastPass users are being urged to transfer their crypto assets to new wallet addresses to prevent further losses. LastPass is a password management service that allows users to store their seed phrase, which grants access to their crypto assets. The security breach in August 2022 resulted in the theft of source code, confidential technical documentation, and internal system secrets. LastPass claimed that the hack had been contained and did not involve personal user data, but subsequent reports have revealed significant losses for LastPass users. Crypto hacks continue to be a major cause of asset loss in 2023, with over 395 hacks occurring in the first half of the year, resulting in losses valued at approximately $479.9 million. While this represents a decline from the previous year, it is still a significant concern for investors. The total crypto market is currently valued at $1.26 trillion, with a slight gain in the last day.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | negative |
| Relevance Score | 1 |
| People | Karim Toubba, @tayvano_, ZachXBT |
| Companies | LastPass, ZachXBT, Peckshield, X, @tayvano_ |
| Currencies | Bitcoin |
| Securities | None |
