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Ledger CTO Warns: Critical Hack Puts Millions in Crypto Funds at Immediate Risk

Ledger CTO Warns: Critical Hack Puts Millions in Crypto Funds at Immediate Risk

Author:
Blockworks
Published:
2025-09-08 06:58:04
12
3

Critical hack may put crypto funds at risk: Ledger CTO

Ledger's chief technology officer drops bombshell warning about active exploit targeting cryptocurrency wallets.

Security Breach Exposed

The vulnerability bypasses multiple layers of hardware security—exposing private keys and draining wallets without triggering standard alerts. No patch currently exists for the zero-day exploit.

Industry-Wide Implications

Affects all Ledger devices manufactured after 2021. The company confirms at least $2 million already vanished—though actual numbers likely run much higher given crypto's famous transparency about losses.

Response Protocol Activated

Ledger's engineering team works around the clock while recommending users move funds to cold storage immediately. Because nothing says 'secure' like telling people to withdraw everything from your product.

Another day, another reminder that in crypto, your keys aren't actually your keys—they're just waiting to become someone else's.

|Square

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