• Ledger has confirmed that multiple dApps on its connector library have been hacked and replaced with a drainer.
  • Among the victims, SushiSwap, whose CTO placed blame on Ledger’s content delivery system.
  • Users have been asked to wait out interacting with any dApps until things become clearer.

New findings from the Ledger dApps attack show that the exploiter may have left their email address behind.

Also, blockchain detective Lookonchain reports that the attacker made away with just about $484,000 worth of assets, and that they moved 4.334 ETH to the drainer address.

Tether CTO Paolo Ardoino says "Tether just froze the Ledger exploiter address," while Crypto Banter's Ran Neuner urges users to shun interacting "with DeFi at all today! [as] No app is safe regardless of whether you use a Ledger."

The following section was published shortly after the attack

Ledger is the latest victim of a hacking incident after multiple decentralized applications (dApps) on its connector library were hacked. The exploiter inserted a wallet drainer account address through the vulnerable code. Among the affected dApps were SushiSwap, Revoke.cash, Zapper and Balancer.

Ledger has confirmed the vulnerability in its code, confirming having truncated a malicious version of the Ledger Connect Kit, with efforts to put a genuine version already underway. 

According to DAppsOn-chain analysts, the connect-kit-loader as well as every other dApp that uses LedgerHQ/connect-kit, is vulnerable and should not be used, acknowledging that this is a large-scale attack on multiple dApps.

SushiSwap’s Chief Technical Officer, Mathew Lilley, explained that the attack allowed the injection of malicious code. Nevertheless, Sushi has confirmed working to remove the ledger wallet connector but asks users to “refrain from engaging with any dApps until further notice.”

Besides the bold assertion, Lilley blames Ledger for the attack, citing multiple blunders after Ledger’s content delivery system (CDN) was compromised. According to the CTO, Ledger first loaded java script from a compromised CDN before version-locking loaded java script.

With the addition of a drainer address, funds may not leave the user's account unless they react to prompts from a browser wallet. This could give the exploiter access to the user’s account. Users are therefore urged not to interact with untrusted prompts until the situation is resolved.

According to Polygon Labs Vice President, Hudson Jameson, the intervention by Ledger to remove the malicious version of the Ledger Connect Kit is not enough, adding that projects that use that library should update things on their own end prior to using dApps that leverage Ledger’s Web3 libraries.

Ledger did not immediately respond to FXStreet team's request for comment.  


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Crypto Today: ADA, AVAX, TON in profit as BTC stalls at $100K

Crypto Today: ADA, AVAX, TON in profit as BTC stalls at $100K

Altcoin market updates: ADA, AVAX, TON emerge as top gainers While BTC has stagnated on Monday, traders are redirecting capital toward mid-cap assets, driving the likes of Cardano (ADA), Avalanche (AVAX) and Toncoin (TON) above key resistance levels.

More Cryptocurrencies News
Ripple's XRP aims for $1.96 as WisdomTree registers for an XRP ETF in the US

Ripple's XRP aims for $1.96 as WisdomTree registers for an XRP ETF in the US

Ripple's XRP surged over 7% on Monday and aims to stage a rally toward its April 2021 high after WisdomTree registered for an XRP ETF in the US state of Delaware on Monday.
More Ripple News
Toncoin Price Forecast: Crypto whales spotted buying $30M TON in 4 days, amid Gensler’s exit

Toncoin Price Forecast: Crypto whales spotted buying $30M TON in 4 days, amid Gensler’s exit

Toncoin price opened trading at $6.2 on Monday, up 27% since Gary Gensler's exit confirmation on November 21. On-chain data trends suggest a $7 breakout could follow as whale investors have scaled up demand for TON considerably over the last 5 days. 

More Crypto News
MicroStrategy set to push Bitcoin to new highs after 55,500 BTC acquisition, should investors be concerned?

MicroStrategy set to push Bitcoin to new highs after 55,500 BTC acquisition, should investors be concerned?

MicroStrategy revealed on Monday that it made another heavy Bitcoin purchase, acquiring 55,500 BTC for $5.4 billion at an average rate of $97,862 per coin.

More Crypto News
Bitcoin: Rally expected to continue as BTC nears $100K

Bitcoin: Rally expected to continue as BTC nears $100K

Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week. 

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP