In response to a security breach last week that resulted in the theft of $600,000 in user assets, hardware wallet maker Ledger have committed to eliminating blind signing, where transactions are displayed in code, rather than plain language, by June 2024.
In a statement, Ledger also announced its commitment to “working with the DApp community and ecosystem” to promote the adoption of Clear Signing (where transactions are displayed in plain language) wherever possible, in an effort to improve security and protect end users.
The company has stated that it will compensate victims affected by the security breach by the end of February 2024.
We are 100% focused on following up on last week's security incident, ensuring that incidents like this are prevented in the future and that the ecosystem remains secure.
We are aware of approximately $600k in affected assets, stolen from users blindly signing into EVM DApps.
Ledger…
– Ledger (@Ledger) December 20, 2023
Ledger CEO makes a personal commitment
At As confirmed by Ledger on
The company is already in communication with affected users, actively working on the specific details of compensation.
Users who signed transactions on the affected DApps on December 14 are advised to revoke any authorized transactions as a safeguard against potential consequences of the security breach.
My personal commitment: Ledger will dedicate as many internal and external resources as possible to help affected individuals recover their assets.
– Pascal Gauthier @Ledger (@_pgauthier) December 14, 2023
A detailed report of the incident, outlining the cause of the hack and the response from Ledger's security team, is now available on Ledger's technology and security blog. Despite the breach, Ledger has emphasized that Ledger devices and the Ledger Live service remain secure and were not compromised by the exploit.
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Director of operations at nft Plazas. Bullish on web3. Competitive soul.
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