Ledger Wallet Theft rasgun66

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Ledger

Twitter user rasgun66 reports that 90.83 MakerDAO (worth $64,000 at the time) were stolen from their Ledger device. In addition, 0.09904276 ETH appears to have been taken from the same wallet to the same recipient shortly thereafter. Few details are provided, except that the exploit happened via three separate transactions and no token approvals are present on the wallet. This suggests it's more likely to be a compromised seed phrase as opposed to tricking him into signing any transaction. The coins ultimately ended up going through HitBTC. There is no indication that rasgun66 was able to recover any funds and he has continually expressed his frustration at that inability.

This exchange or platform is based in Turkey, or the incident targeted people primarily in Turkey.

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."

"I used the myetherwallet site while uploading my MKR coins to my ledger nano s." "I preferred the myetherwallet application. Trusting myetherwallet was a problem for me. by the way, ledger nano s also recommends using myetherwallet application."

"My ledger nano s wallet hacked. 19 march 2019. 90.82 MKR..." "My $65,000 worth of money was stolen." "My 90,82 MKR tokens stolen..."

"I only had MKR coins in my account. [The] hac[k]er sent ETH to my wallet to withdraw MKR coins. Hac[k]er sent the eth coin to my wallet for the fee. [H]ac[k]er stole my mkr coins first. The hacker then withdrew the eth coin. The hacker then sent my stolen MKR coins to 10 different wallets within 2 days. The hacker then sent the MKR coins in these 10 separate wallets to the HITBTC exchange in the same second. The ability to send mkr coins in the same second is proof that the hacker is using a professional program." "When we look at the exit details from 10 wallets, it can be seen that the mkr coins are sent to the hitbtc exchange, all in the same second."

"@EricLarch @Ledger @myetherwallet @iLhanGULENC1 @hitbtc didn't care enough to solve this problem of mine." "@Ledger why is it your avoiding the growing number of hackings that are coming to light with your nano s product??"

"Why don't you take my 90.83 @MakerDAO tokens stolen from my @ledger - @myetherwallet wallet seriously? My $65,000 worth of money was stolen. You know the link where the theft is done; You do not respond to my e-mails."

"I sent e-mails to myetherwallet application with ledger nano s device manufacturer. But they don't want to admit it. Actually, it is obvious that it is professional fraud.. My country's prosecutor's office wrote an article for hitbtc stock market through interpol. hitbtc is not responding."

"@Hitbtc, which I traded for 2 years, didn't make any effort to solve my problem. I feel like I've been shot in the back." "@hitbtc your legal unit never works."

This exchange or platform is based in Turkey, or the incident targeted people primarily in Turkey.

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.

Key Event Timeline - Ledger Wallet Theft rasgun66

Date	Event	Description
March 18th, 2019 7:47:35 PM MDT	Main Event	Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.

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

The total amount lost has been estimated at $64,000 USD.

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

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

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?

Ongoing Developments

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

General Prevention Policies

Seed phrases need to be kept 100% offline. Further security can be obtained by splitting the seed phrase into multiple parts or setting up a multi-signature wallet.

Individual Prevention Policies

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.