Swap Tracker
We use cookies to make our site work. By clicking "Accept", you agree to our website’s cookies use as described in our Privacy & Cookie Policy.
John Martin 31 Oct 2023 ◦ 3 min read

$4.4M of Losses Due To The Last Year's LastPass Breach

$4.4M of Losses Due To The Last Year's LastPass Breach

LastPass exploits that resulted in victims losing millions of dollars in cryptocurrencies. On October 25, 2023, approximately 25 victims lost $4.4 million as a result of the LastPass hack. It is not clear what specific exploit was used in this case; however, researchers have traced it back to a security breach.

It is also unclear whether LastPass has issued official statements regarding the exploit or taken action to address the issue. However, victims of the hack have been advised to send a direct message with the transaction hashes of the theft if they suspect that they have been affected. As of October 30, 2023, the total amount lost due to the LastPass breach was estimated at $44 million.

What happened

In December 2022, LastPass reported that an attacker had used information previously stolen in an August hack to target a LastPass employee. The hacker intercepted his credentials and decrypted the stored customer information.

A backup of encrypted customer data was also stolen, which LastPass warned could be decrypted if the attacker brute-force guessed the account master password.

In a blog post in September, cybersecurity journalist Brian Krebs reported that some of LastPass’s customer vaults appeared to have been compromised, with more than $35 million worth of cryptocurrency stolen from around 150 victims.

In January, LastPass was hit with a class action lawsuit from individuals claiming that the August 2022 hack resulted in the theft of Bitcoin worth approximately $53,000 worth of bitcoin (BTC).

In his latest post, X ZachXBT advised anyone who has ever stored an initial wallet value or private key in LastPass to "move your crypto assets immediately".

"I can't stress this enough: if you think you've ever stored your initial phrase or keys in LastPass, move your crypto assets immediately," ZachXBT (@zachxbt) advised on October 27, 2023.

Summary

The LastPass hack allowed unauthorized access to user accounts, resulting in large cryptocurrency losses for owners who stored wallet keys and seed phrases in the app.

The hackers specifically targeted the initial phrases and keys, stating that their primary goal was to steal cryptocurrencies.

Furthermore, there are disturbing similarities in the profiles of the victims this year.

Related posts

What are the safest ways to store Bitcoin?

What are the safest ways to store Bitcoin?

22 Nov 2024 ◦ 8 min read
When you buy your first crypto, you naturally have a question: how and where to store it? For the safe management and storage of digital assets, the market offers a large number of tools —
How to use BscScan? A complete guide

How to use BscScan? A complete guide

15 Nov 2024 ◦ 13 min read
BscScan is a blockchain explorer for the Binance Smart Chain, and this guide will show you how to use it effectively. The Blockchain Observer is an analytics platform that allows you to review all blockchain transactions.
Quantum financial system: transforming the landscape of digital finance

Quantum financial system: transforming the landscape of digital finance

08 Nov 2024 ◦ 8 min read
Quantum computing in this sector has led to the emergence of quantum financial systems (QFS). QFS is set to transform finance by improving security measures and streamlining calculations while changing transaction procedures. This article explores the future of a quantum system, i
How to delete a Cash App account?

How to delete a Cash App account?

30 Oct 2024 ◦ 6 min read
Many of us have used or at least heard of payment services such as PayPal, Cash App, Venmo, and Google Pay. The modern world is definitely difficult to imagine without online payments. For all that, as often as installing, many are asking

Tags

Safety

Recent posts

Where to buy a Coinbase gift card: top platforms
Magic Eden's ME token airdrop: a $700M rollercoaster
Top 10 crypto airdrops to watch in 2025
Unlocking the best crypto tools for 2025

BTC  to USDT : best rates

btc-icon
btc
1
usdt-icon
usdt
104514.297604
via
Binance
usdt-icon
usdt
104761.9004494919
via
GoExme
usdt-icon
usdt
100064.19342566
via
Godex