Ledger Wallet User Loses $2.5M to Phishing Hack 🙀

🧑‍💻 A Ledger Nano S user has reported losing 10 BTC (worth around $1M) and $1.5M in NFTs due to a phishing attack that occurred back in February 2022. The user unknowingly signed a malicious transaction nearly three years ago, which granted hackers access to their wallet. The attackers remained dormant for years before draining the funds recently. 😳

🕵️‍♂️ Experts suggest that the user's recovery phrase might have been compromised, giving the hacker access to multiple chains, including Bitcoin. Ledger clarified that the issue wasn’t with the hardware itself but was caused by phishing and user error. 🤷

📝 This case serves as a critical reminder to always double-check transactions, regularly review token approvals, and protect recovery phrases. While hardware wallets enhance security, understanding and cautious interaction with them are equally essential. 🤔