SCANDAL: Hardware Wallet Provider Ledger Faces Hack Attack! Which Projects Are Affected?

  • Decentralized finance (DeFi) protocol Sushi reportedly faced a front-end attack, according to the company’s CTO.
  • A front-end attack involves hackers altering a website or application’s user interface (UI).
  • Lilley added that the suspicious code came from the GitHub page of hardware wallet provider Ledger.

Decentralized finance (DeFi) protocol Sushi has reportedly faced a hack attack: How did the incident unfold? What’s the connection with Ledger?

Ledger Library Compromised

cryptocurrency

Decentralized finance (DeFi) protocol Sushi reportedly faced a front-end attack, according to the company’s CTO, who issued a sector-wide warning about an attack on a “commonly used” Web3 connector.

“PLEASE do not interact with any dApps until a responsible disclosure is made,” wrote Sushi CTO Matthew Lilley, adding: “There appears to be a situation where a commonly used web3 connector has been compromised, allowing the injection of malicious code affecting many dApps.”

A front-end attack involves hackers altering a website or application’s user interface (UI). Hackers can then modify functions to redirect funds to themselves. A front-end attack does not gain access to the protocol’s hot wallets.

Determination of the code’s origin from Ledger’s GitHub page

Lilley added that the suspicious code came from the GitHub page of hardware wallet provider Ledger. A user identified that Ledger’s library was compromised and replaced with a token drainer. Issues have also been reported on other DeFi websites, including Zapper and RevokeCash.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Bitcoin Standard Treasury Co. Set to Go Public: Aiming for Over 50,000 Bitcoins to Become Second-Largest Corporate Holder

COINOTAG reports that on August 16th, Bitcoin Standard Treasury...

US Tariff Threats Rise as Trump Discusses Russian Oil Purchases with Putin

COINOTAG News, August 16th – Recent developments indicate that...

BTC Price Outlook: Navigating Fluctuations Amid Geopolitical Uncertainty After the Putin-Biden Summit

In recent developments, the Alaska "Putin-Biden Summit" concluded without...

Whale Takes Major Position with 31,000 ETH: Insights on Long Leverage Strategies

On August 16th, COINOTAG reported a significant movement in...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img