LastPass Breach Fallout: $4.4 million in crypto stolen in a single day.
The scope of the crypto theft, which has been ongoing since 2022 due to the LastPass breach, is estimated to have surpassed $35 million. The latest incident further exacerbates this already substantial figure.
According to reports, at least 25 individuals have fallen victim to the pilfering of $4.4 million in cryptocurrency across a total of 80 wallets. This cyberattack is directly linked to a data breach in 2022 that had a significant impact on the password storage software, LastPass.
On October 27, in a post on Twitter by the pseudonymous on-chain researcher ZachXBT, it was revealed that ZachXBT and Taylor Monahan, a developer associated with MetaMask, had diligently monitored the movement of funds in the compromised wallets, which occurred on October 25.
A striking detail is that the majority, if not all, of the victims, had been dedicated users of LastPass for an extended period, and many had stored their cryptocurrency wallet keys or seeds within the LastPass platform, as stated in a report by Chainabuse.
LastPass had disclosed in December 2022 that an attacker had exploited information stolen during a breach in August to target a LastPass employee. This led to the theft of their credentials and the subsequent decryption of customer information that had been stored.
Furthermore, a backup of encrypted customer vault data was also pilfered during the breach. LastPass warned that if the attacker succeeded in brute force guessing the master password of the account, this data could potentially be decrypted.
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Originally published at https://cryptosnewss.com on October 30, 2023.