๐Ÿ” Important Security Update from Ledger ๐Ÿ”

After recent hacks exploiting Ledger's Connect Kit, resulting in $600,000 in losses, Ledger vows to fully reimburse affected users by Feb 2024. The security breach impacted DApps like SushiSwap and Revoke.cash on Dec 14.

Ledger prioritizes user satisfaction, engaging with victims individually to ensure complete resolution beyond direct reimbursements. They've committed to making affected users whole and are actively working on resolution plans.

In response to the blind signing vulnerability, Ledger plans to phase it out by June 2024. Collaborating with the DApp ecosystem, Ledger aims to promote clear signing, enhancing user transaction verification on Ledger devices.

This transition sets a new security standard for DApps, reinforcing the protection of user funds. Stay tuned for further updates as Ledger works towards a safer digital asset experience.

#LedgerSecurity #CryptoSafety #DApps #SUSHISWAP #CryptoNews๐Ÿ”’๐Ÿ“ฐ๐Ÿšซ