Ledger faces scrutiny after user claims $2.5 million worth of Bitcoin and NFT stolen

Ledger's security practices are under scrutiny after a crypto user reported the loss of approximately $2.5 million in digital assets stored in a Ledger hardware wallet, including 10 bitcoin valued at $1 million and $1.5 million in nfts.

The user, identified as @anchor_drops on x, claimed that the assets were stolen from his Ledger Nano S device, which had been purchased directly from Ledger. According to the user's post, the seed phrase was stored securely and was never entered online, and no malicious transactions were signed.

“The device had not been used for two months,” stated @anchor_drops on x, raising questions about the nature of the security breach.

The incident has sparked mixed reactions within the crypto community. Some users suggested that the loss could be related to a long-standing vulnerability that had resurfaced. There were also widespread concerns about possible flaws in Ledger's security system.

<blockquote class="twitter-tweet” data-width=”500″ data-dnt=”true” wp_automatic_readability=”11.479532163743″>

This was my story a few years ago. I made a purchase from the ledger store, I also understand that before this, I used a hot wallet and never had any kind of hack, but I was hacked a few days ago storing my assets in my ledger without interacting with any platform. https://t.co/FUmePh4JBi

— TARIQ𓃵 | (@Teriqstp) <a target="_blank" href="https://twitter.com/Teriqstp/status/1867435214198247510?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>December 13, 2024

Many were more skeptical and suggested there could be more to the story. Some community members suspected that the incident could be related to human error rather than a flaw in Ledger's security systems. This means that even if the user believed they were careful, they could have mishandled the wallet.

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It sounds like nonsense… would you mind telling a true story? Either someone got your private key, you didn't get your ledger from the real site or this is a load of crap.

— $Link Marine (@link_we80825403) <a target="_blank" href="https://twitter.com/link_we80825403/status/1867411776448696635?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>December 13, 2024

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Ledger has problems but what happened to you is not his fault. Somewhere in your chain of activities you were compromised.

There is nothing anyone can do about it.

If you share your addresses, maybe the crypto/security community can help you get an answer.

– Jurad.eth (@jurad0x) <a target="_blank" href="https://twitter.com/jurad0x/status/1867416696409219536?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>December 13, 2024

One community member said that if this type of loss were widespread, many cryptocurrency holders would have lost their funds.

Ledger has yet to address the user's report.