Ledger Exploit Endangers DeFi, Sushi Says 'Do Not Interact With ANY dApps'
Several Ethereum-based decentralized applications (dapps), including Zapper, SushiSwap, Phantom, Balancer, and Revoke.cash, were compromised due to a security breach at Ledger, a Paris-based crypto hardware wallet manufacturer. Ledger has fixed the malicious code and warned users to "Clear Sign" transactions to ensure they are interacting directly with the company's website and software. The extent of the damage and the amount of money lost is not yet known, but reports suggest that the exploit is widespread. The breach highlights the need for proper auditing and testing in the decentralized finance (DeFi) ecosystem, where financial software is frequently deployed without appropriate measures.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bridging RWAs to DeFi: Blockchain project expands services with major relaunch
USDX built to support DeFi ecosystem growth: Hex Trust CEO
Australia’s ‘Barefoot Investor’ takes on crypto scammers stealing his likeness
Italy fines OpenAI $15M over data protection, privacy breaches