Years have passed since their launch crypto assets, even today they are still in the early stages. The first reason that makes us think so is that we cannot use it widely in our daily lives. The second reason is a method to store crypto assets 100 percent securely. absence. If the stock market closes or hot wallet services like MetaMask close their doors, we may never have access to crypto assets again.

This is why many investors use their crypto assets as “cold walletWhat is a cold wallet? These physical devices, which are typically the size of a USB memory stick, can store crypto assets. Many people think that these devices are safe. General ledger such as… Ledger is known as the world’s most popular cold wallet manufacturer. However, the events of the past day led to thoughts that Ledger was not as safe as expected. However, this was a somewhat inappropriate approach.

Former employee was hacked, Ledger software was exploited

Taken from Ledger’s official X account according to description a former employee hackers was attacked. The hacker or hackers who gained access to Ledger system credentials can establish connections between Ledger devices and third-party services. Ledger Connect Kit They prepared a modified version of the library. This malware was also distributed among users.

General ledger customers, approx. for 5 hours they saw this malware. According to Ledger’s statement, the modified Ledger Connect Kit requested the transfer of cold wallet assets to the hacker(s’) wallets. According to Ledger, as of the detection of the incident 40 minutes A study was conducted and a secure version of Ledger Connect Kit was created.

The money from careless users went to the wallet used for hacking

During the distribution process of the malware, users can consciously without They transferred their money to hacker wallets. However, if the wallet address to which the transfer was made had been checked, such an issue would not have occurred. When we checked a wallet address shared by Ledger next to 0.02 ETH 102 thousand dollars We see that there is a money transfer. According to Ledger’s statement, the Tether (USDT) team has frozen all USDT funds in this wallet (approximately $27 thousand USDT).

In the meantime; Ledger on the subject legal procedure Let’s also point out that he started it. Ledger and his partners use all the information they have to catch the attackers. Police forces They shared it with. On the other hand; Customers who suffered monetary losses were also contacted.

Don’t fall for unnecessary FUDs!

Hacking Ledger is not a good thing and you are right to respond to the company. However, when the hacking news was presented, there was a meaningless FUD in the markets, i.e.: horror environment formed. BTC, and therefore also altcoins, suddenly experienced a sharp decline. So what happened next? Sudden deterioration accompanied by a sharp increase brought.

Above you can see the hourly price chart of BTC. Around the time the Ledger incident was reported 43 thousand 350 dollars BTC, trading at levels, fell to $41,402 in just 2 hours. Then the wind turned and BTC 43 thousand 430 dollars rose to levels. At the time of writing this article, BTC continues to trade at $42 thousand 630.

What we want to say is this; If you are a cryptocurrency investor, you are used to such occurrences You have to be resilient.. Because those who got carried away by the FUD and sold their assets actually enabled others to “buy cheap goods.” Of course, this does not mean that you should not sell anyway, but at the slightest negative news do not panic important…