Ledger Wallet Cleaned Out netecholot - Revision history

Azoundria at 16:11, 2 May 2023

2023-05-02T16:11:07Z

← Older revision		Revision as of 10:11, 2 May 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/ledgerwalletcleanedoutnetecholot.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/ledgerwalletcleanedoutnetecholot.php}}
	{{Unattributed ~~Citations~~}}		{{Unattributed Sources}}

	[[File:Ledger.jpg\|thumb\|Ledger]]Reddit user netecholot reports that their funds were taken, and that their seed phrase wasn't given away. Limited detail is available, but cases like this typically end up being the result of the seed phrase being compromised in some manner. Only $3k worth of funds were lost in this case. While they reportedly were going to reach out to investigate where the funds went, there is no further information to suggest anything was uncovered or recovered.		[[File:Ledger.jpg\|thumb\|Ledger]]Reddit user netecholot reports that their funds were taken, and that their seed phrase wasn't given away. Limited detail is available, but cases like this typically end up being the result of the seed phrase being compromised in some manner. Only $3k worth of funds were lost in this case. While they reportedly were going to reach out to investigate where the funds went, there is no further information to suggest anything was uncovered or recovered.

	The country for this case study is not yet known.		The country for this case study is not yet known.<ref name="reddit-7420" /><ref name="reddit-7617" /><ref name="blockstream-7618" /><ref name="etherscan-7619" /><ref name="ledger-6398" /><ref name="financegates-7300" /><ref name="slashdot-7301" /><ref name="pcmag-6879" /><ref name="coinmarketcap-623" />
	<ref name="reddit-7420" /><ref name="reddit-7617" /><ref name="blockstream-7618" /><ref name="etherscan-7619" /><ref name="ledger-6398" /><ref name="financegates-7300" /><ref name="slashdot-7301" /><ref name="pcmag-6879" /><ref name="coinmarketcap-623" />

	== About Ledger ==		== About Ledger ==
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	!Description		!Description
	\|-		\|-
	\|July 4th, 2020 8:07:32 PM		\|July 4th, 2020 8:07:32 PM MDT
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
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	\|		\|
	\|}		\|}

			== Technical Details ==
			This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

	== Total Amount Lost ==		== Total Amount Lost ==
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	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

			{{Prevention:Individuals:End}}

			== Platform Prevention Policies ==
			{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

			== Regulatory Prevention Policies ==
			{{Prevention:Regulators:Placeholder}}

	== Prevention ~~Policies ==~~		{{Prevention:Regulators:End}}
	~~Which policies could have prevented this event from happening?~~

	== References ==		== References ==
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	<ref name="pcmag-6879">[https://www.pcmag.com/news/scammers-are-using-fake-devices-to-steal-cryptocurrency-wallets Scammers Are Using Fake Devices to Steal Cryptocurrency Wallets \| PCMag] (Mar 6, 2022)</ref>		<ref name="pcmag-6879">[https://www.pcmag.com/news/scammers-are-using-fake-devices-to-steal-cryptocurrency-wallets Scammers Are Using Fake Devices to Steal Cryptocurrency Wallets \| PCMag] (Mar 6, 2022)</ref>

	<ref name="coinmarketcap-623">[https://coinmarketcap.com/currencies/bitcoin/historical-data/ Bitcoin price today, BTC live marketcap, chart, and info \| CoinMarketCap] (May 15, 2021)</ref></references>		<ref name="coinmarketcap-623">[https://coinmarketcap.com/currencies/bitcoin/historical-data/ Bitcoin price today, BTC live marketcap, chart, and info \| CoinMarketCap] (May 16, 2021)</ref></references>

Azoundria at 17:19, 17 February 2023

2023-02-17T17:19:10Z

← Older revision		Revision as of 11:19, 17 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/ledgerwalletcleanedoutnetecholot.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/ledgerwalletcleanedoutnetecholot.php}}
			{{Unattributed Citations}}

	[[File:Ledger.jpg\|thumb\|Ledger]]Reddit user netecholot reports that their funds were taken, and that their seed phrase wasn't given away. Limited detail is available, but cases like this typically end up being the result of the seed phrase being compromised in some manner. Only $3k worth of funds were lost in this case. While they reportedly were going to reach out to investigate where the funds went, there is no further information to suggest anything was uncovered or recovered.		[[File:Ledger.jpg\|thumb\|Ledger]]Reddit user netecholot reports that their funds were taken, and that their seed phrase wasn't given away. Limited detail is available, but cases like this typically end up being the result of the seed phrase being compromised in some manner. Only $3k worth of funds were lost in this case. While they reportedly were going to reach out to investigate where the funds went, there is no further information to suggest anything was uncovered or recovered.

	The country for this case study is not yet known.		The country for this case study is not yet known.
			<ref name="reddit-7420" /><ref name="reddit-7617" /><ref name="blockstream-7618" /><ref name="etherscan-7619" /><ref name="ledger-6398" /><ref name="financegates-7300" /><ref name="slashdot-7301" /><ref name="pcmag-6879" /><ref name="coinmarketcap-623" />

	== About Ledger ==		== About Ledger ==
Line 35:		Line 37:

	Don't Include:		Don't Include:

	* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.		* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
	* Anything that wasn't reasonably knowable at the time of the event.		* Anything that wasn't reasonably knowable at the time of the event.
Line 57:		Line 58:
	\|-		\|-
	\|July 4th, 2020 8:07:32 PM		\|July 4th, 2020 8:07:32 PM
	\|~~First~~ Event		\|Main Event
	\|~~This is an expanded~~ description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
	\|-
	\|
	\|
	\|
	\|-		\|-
	\|		\|
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	== Total Amount Lost ==		== Total Amount Lost ==
	The total amount lost ~~is unknown~~.		The total amount lost has been estimated at $3,000 USD.

	How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?		How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?
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	== Total Amount Recovered ==		== Total Amount Recovered ==
	~~It is unknown how much was~~ recovered.		There do not appear to have been any funds recovered in this case.

	What funds were recovered? What funds were reimbursed for those affected users?		What funds were recovered? What funds were reimbursed for those affected users?
Line 89:		Line 86:

	== Prevention Policies ==		== Prevention Policies ==
			Which policies could have prevented this event from happening?

	== References ==		== References ==
	[https://www.reddit.com/r/ledgerwallet/comments/i2pz9t/all_of_my_stored_cryptocurrency_has_been_stolen/ ALL of my stored cryptocurrency has been STOLEN from my Ledger Nano S! : ledgerwallet] (Mar 19)		<references><ref name="reddit-7420">[https://www.reddit.com/r/ledgerwallet/comments/i2pz9t/all_of_my_stored_cryptocurrency_has_been_stolen/ ALL of my stored cryptocurrency has been STOLEN from my Ledger Nano S! : ledgerwallet] (Mar 19, 2022)</ref>

	[https://www.reddit.com/r/ledgerwallet/comments/i2v7km/my_account_cleaned_out/ My account cleaned out. : ledgerwallet] (May 4)		<ref name="reddit-7617">[https://www.reddit.com/r/ledgerwallet/comments/i2v7km/my_account_cleaned_out/ My account cleaned out. : ledgerwallet] (May 4, 2022)</ref>

	[https://blockstream.info/tx/7864f08c44a5f56d130cdc59a8640080797547109994f81b53df217814ee4763 Bitcoin Explorer - Blockstream.info] (May 4)		<ref name="blockstream-7618">[https://blockstream.info/tx/7864f08c44a5f56d130cdc59a8640080797547109994f81b53df217814ee4763 Bitcoin Explorer - Blockstream.info] (May 4, 2022)</ref>

	[https://etherscan.io/tx/0xb4cf2f833ddd8cd0688817344637250d4f74f862ff3e1d14210683ee7b233273 https://etherscan.io/tx/0xb4cf2f833ddd8cd0688817344637250d4f74f862ff3e1d14210683ee7b233273] (May 4)		<ref name="etherscan-7619">[https://etherscan.io/tx/0xb4cf2f833ddd8cd0688817344637250d4f74f862ff3e1d14210683ee7b233273 https://etherscan.io/tx/0xb4cf2f833ddd8cd0688817344637250d4f74f862ff3e1d14210683ee7b233273] (May 4, 2022)</ref>

	[https://www.ledger.com/ledger-live Ledger Live : Most trusted & secure crypto wallet \| Ledger] (Feb 13)		<ref name="ledger-6398">[https://www.ledger.com/ledger-live Ledger Live : Most trusted & secure crypto wallet \| Ledger] (Feb 13, 2022)</ref>

	[https://www.financegates.net/2020/12/23/ledger-refuses-refunds-tells-clients-bank-vault-is-more-secure/ Ledger Refuses Refunds, Tells Clients “Bank Vault Is More Secure” \| Financegates] (Mar 19)		<ref name="financegates-7300">[https://www.financegates.net/2020/12/23/ledger-refuses-refunds-tells-clients-bank-vault-is-more-secure/ Ledger Refuses Refunds, Tells Clients “Bank Vault Is More Secure” \| Financegates] (Mar 19, 2022)</ref>

	[https://it.slashdot.org/story/20/12/21/2139218/physical-addresses-of-270k-ledger-owners-leaked-on-hacker-forum Physical Addresses of 270K Ledger Owners Leaked On Hacker Forum - Slashdot] (Mar 19)		<ref name="slashdot-7301">[https://it.slashdot.org/story/20/12/21/2139218/physical-addresses-of-270k-ledger-owners-leaked-on-hacker-forum Physical Addresses of 270K Ledger Owners Leaked On Hacker Forum - Slashdot] (Mar 19, 2022)</ref>

	[https://www.pcmag.com/news/scammers-are-using-fake-devices-to-steal-cryptocurrency-wallets Scammers Are Using Fake Devices to Steal Cryptocurrency Wallets \| PCMag] (Mar 6)		<ref name="pcmag-6879">[https://www.pcmag.com/news/scammers-are-using-fake-devices-to-steal-cryptocurrency-wallets Scammers Are Using Fake Devices to Steal Cryptocurrency Wallets \| PCMag] (Mar 6, 2022)</ref>

	[https://coinmarketcap.com/currencies/bitcoin/historical-data/ Bitcoin price today, BTC live marketcap, chart, and info \| CoinMarketCap] (May 15)		<ref name="coinmarketcap-623">[https://coinmarketcap.com/currencies/bitcoin/historical-data/ Bitcoin price today, BTC live marketcap, chart, and info \| CoinMarketCap] (May 15, 2021)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/ledgerwalletcleanedoutnetecholot.php}} LedgerReddit user netecholot reports that their funds were taken, and that their seed phrase wasn't given away. Limited detail is available, but cases like this typically end up being the result of the seed phrase being compromised in some manner. Only $3k worth of funds were lost in this case. While they reportedly were going to rea..."

2023-01-25T17:33:23Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/ledgerwalletcleanedoutnetecholot.php}} thumb|LedgerReddit user netecholot reports that their funds were taken, and that their seed phrase wasn't given away. Limited detail is available, but cases like this typically end up being the result of the seed phrase being compromised in some manner. Only $3k worth of funds were lost in this case. While they reportedly were going to rea..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/ledgerwalletcleanedoutnetecholot.php}}

[[File:Ledger.jpg|thumb|Ledger]]Reddit user netecholot reports that their funds were taken, and that their seed phrase wasn't given away. Limited detail is available, but cases like this typically end up being the result of the seed phrase being compromised in some manner. Only $3k worth of funds were lost in this case. While they reportedly were going to reach out to investigate where the funds went, there is no further information to suggest anything was uncovered or recovered.

The country for this case study is not yet known.

== About Ledger ==
"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."
·
"My Ledger S has been cleared out clean by someone." "[G]ot taken on July 2. Both Ether and BTC." "In the same boat here. Sorry but makes me feel a little better knowing I am not crazy and seems like there is a problem out there."

"No my mnemonic phrase have not been given away." "Customer service at Ledger understandably told me that it has to be the case that I have given the phrase away as anything else is impossible. They have made sure that device is genuine and it is, as was purchased directly from them."

"Wondering if there is a service that can be hired to investigate where the funds are now."

"I was thinking more along the line to investigate if any of the coins made it to the one of the exchanges." "Will look into coinfirm."

"Whoever got my f[u]nds, soon or later it will catch-up with them."

The country for this case study is not yet known.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:

* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Ledger Wallet Cleaned Out netecholot
!Date
!Event
!Description
|-
|July 4th, 2020 8:07:32 PM
|First Event
|This is an expanded description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost is unknown.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
It is unknown how much was recovered.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?

== Prevention Policies ==

== References ==
[https://www.reddit.com/r/ledgerwallet/comments/i2pz9t/all_of_my_stored_cryptocurrency_has_been_stolen/ ALL of my stored cryptocurrency has been STOLEN from my Ledger Nano S! : ledgerwallet] (Mar 19)

[https://www.reddit.com/r/ledgerwallet/comments/i2v7km/my_account_cleaned_out/ My account cleaned out. : ledgerwallet] (May 4)

[https://blockstream.info/tx/7864f08c44a5f56d130cdc59a8640080797547109994f81b53df217814ee4763 Bitcoin Explorer - Blockstream.info] (May 4)

[https://etherscan.io/tx/0xb4cf2f833ddd8cd0688817344637250d4f74f862ff3e1d14210683ee7b233273 https://etherscan.io/tx/0xb4cf2f833ddd8cd0688817344637250d4f74f862ff3e1d14210683ee7b233273] (May 4)

[https://www.ledger.com/ledger-live Ledger Live : Most trusted & secure crypto wallet | Ledger] (Feb 13)

[https://www.financegates.net/2020/12/23/ledger-refuses-refunds-tells-clients-bank-vault-is-more-secure/ Ledger Refuses Refunds, Tells Clients “Bank Vault Is More Secure” | Financegates] (Mar 19)

[https://it.slashdot.org/story/20/12/21/2139218/physical-addresses-of-270k-ledger-owners-leaked-on-hacker-forum Physical Addresses of 270K Ledger Owners Leaked On Hacker Forum - Slashdot] (Mar 19)

[https://www.pcmag.com/news/scammers-are-using-fake-devices-to-steal-cryptocurrency-wallets Scammers Are Using Fake Devices to Steal Cryptocurrency Wallets | PCMag] (Mar 6)

[https://coinmarketcap.com/currencies/bitcoin/historical-data/ Bitcoin price today, BTC live marketcap, chart, and info | CoinMarketCap] (May 15)