Dec 2019 - Ledger Wallet Theft rytoke - $30k (Global)
"Based in France, Ledger is the largest cryptocurrency hardware wallet company." "Ledger is a hardware cryptocurrency wallet that is used to store, manage, and sell cryptocurrency. The funds held in these wallets are secured using a 24-word recovery phrase and an optional secret passphrase that only the owner knows."
"Ledger offers two products, the Nano S and Nano X, that can store the digital keys used to secure crypto wallets. The devices can be used with a variety of cryptocurrencies, are compatible with numerous apps, and are supposed to offer a safe way to manage crypto without compromising too much on convenience. Ledger says on its website that it has sold 1.5 million products to customers in 165 countries to date."
"[S]ame thing happened to me on 28 of december, over $30k lost"
"all the info is in this thread. not much else to add"
"Thanks mate! Unfortunately the funds are gone. My story was 100% honest and I still think ledger wallets are a little dodgy. At the time of that post the funds I lost were valued at around $40,000. Now they would have been over $100k."
"I am super upset about it but I was battling cancer at the same time, I'm just glad to be alive. At this stage i'm cancer free and just doing follow ups. Fingers crossed it stays that way!"
Further Analysis
The Reddit user rytoke reports losing significant funds ffrom their Ledger wallet. Limited details are provided. No funds were recovered.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Shitcoin Wallet Malicious JavaScript > > < < MetaMask Banned From Google Play
Sources/Further Reading
My Ledger Nano S has been HACKED!!! Please help!!! : ledgerwallet (Mar 19)
Ledger Live : Most trusted & secure crypto wallet (Feb 13)
Ledger Refuses Refunds, Tells Clients “Bank Vault Is More Secure” - Financegates (Mar 19)
Physical Addresses of 270K Ledger Owners Leaked On Hacker Forum - Slashdot (Mar 19)
Scammers Are Using Fake Devices to Steal Cryptocurrency Wallets | PCMag (Mar 6)
Recovering IOTA using 24 seed words : Iota (May 20)
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