The LastPass hack claimed 25 victims on October 25th, draining $4.4 million from several crypto wallets.
Users of the LastPass attack from earlier this year still suffer large losses. On October 25, a security attack in the LastPass password management system caused around $4.4 million to be taken from over 25 victims.
For cryptocurrency owners who kept their wallet keys in the program, the LastPass hack resulted in large financial losses due to illegal access to user accounts.
The major objective of the cybercriminals behind the attack is crypto exfiltration, which is why they deliberately targeted seed phrases and wallet keys.
Additionally, there is a troubling resemblance among the victim profiles impacted thus far this year. These users have a deep connection to the cryptocurrency ecosystem; some examples include VCs, smart contract developers, DeFi protocol developers, and workers of crypto companies.
What Is “LastPass Hack”?
A popular password manager called LastPass was created to protect users’ login information. The term “LastPass Hack” describes a system security breach in which private data kept in a user’s LastPass account gets accessed by unauthorized parties.
A number of customers complained earlier this year that they had lost sizable amounts of money from their cryptocurrency wallets, which were accessed through LastPass.
In January, the US District Court of Massachusetts also brought legal action against the corporation for neglecting to secure consumer data.
