XRP Investor Claims to Have Lost Thousands of XRP in Ledger Wallet

Share This Post

An XRP neighborhood member, TallDallasGirl, just lately took to X to report a major lack of 17,000 XRP as a consequence of an alleged hack that affected her Ledger pockets.

Her narration revealed that the unlucky incident started when she put in the most recent Ledger firmware for desktop on Sept. 29. She claimed that her pockets received compromised, along with her stability drained a day after she put in the replace, at exactly 01:16 (CST) on Sept. 30.

She mentioned her Ledger machine was not linked to her pc, and her pc was off throughout the hack. In accordance with her, Ledger had not responded to her on the time she took the case to X.

– Commercial –

Knowledge from Bithomp confirms that the address alleged to be concerned within the hack did obtain 17,495 XRP on Sept. 30 at 06:16 (UTC). The handle despatched the property to Hitbtc lower than half-hour later. Notably, the handle was activated on the time the transaction occurred.

Neighborhood Reactions

When fellow neighborhood members inquired concerning the supply of her Ledger machine and the way she saved her restoration phrase, TallDallasGirl revealed that she bought the machine instantly from the Ledger web site in November 2020.


She additional confirmed that she saved her seed phrase offline on printed paper. These responses raised questions on the potential for a hack and a few instructed eventualities, reminiscent of buying a used Ledger machine or unknowingly exposing her personal keys.

Distinguished XRP neighborhood determine TheCrypticWolf entered the dialog, urging customers to be cautious of faux Ledger assist accounts. 

He emphasised the significance of clicking solely on official hyperlinks by means of the Ledger web site, utilizing instruments like PolySwarm to examine for malicious downloads, and avoiding interactions with malicious good contracts.

Curiously, The Crypto Fundamental found that TallDallasGirl had responded to a pretend Ledger assist account. Nonetheless, this interplay occurred after the supposed hack. Whereas claims counsel an identical interplay up to now may have led to the incident, this isn’t confirmed.

The exact motive behind the hack stays undisclosed on the time of reporting, however TallDallasGirl has taken the matter up with Ledger, hoping for a decision. She claimed she had not even checked out her seed phrase, a lot much less shared it with a 3rd get together.

The Want for Safety

Recall that, As reported by The Crypto primary, a similar case occurred in August, the place one other XRP investor claimed to have misplaced all her property as a consequence of a Ledger hack. Nonetheless, investigations later revealed that she had bought her Ledger {hardware} pockets from a third-party retailer, not from Ledger themselves.

Whereas hardware wallets like Ledger are typically considered one of the crucial safe methods to retailer cryptocurrency property, these incidents spotlight the significance of adhering to greatest practices for optimum safety:

  • Solely buy a {hardware} pockets instantly from the unique vendor.
  • By no means share your seed phrase, not even with supposed assist groups.
  • Obtain updates solely from the official web site.
  • Preserve your restoration phrase securely offline.

Comply with Us on Twitter and Facebook.

Disclaimer: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article might embody the writer’s private opinions and don’t mirror The Crypto Fundamental’s opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Fundamental isn’t liable for any monetary losses.


Related Posts

Ethereum NFT market sees resurgence – What prompted the increase?

There was a rise in demand for Ethereum-based...

Right here Are Some Social Media Reactions By Benzinga

© Reuters. Ethereum Fuel Charges Are Sky Excessive:...

Ripple Value : When Will XRP Value Rally?

Bitcoin is making vital strides in direction of...

Crypto Inventory Brief Sellers Have Misplaced $2.6 Billion Since Bitcoin Bull Run Started

Bitcoin’s aggressive rebound has devastated crypto inventory quick...