Ledger user loses £25 000 of Crypto

Quoted from Reddit: – I have not used my Ledger in a week, today I decide to check the value of my XRP, Litecoin and Dash only to discover that all of them showed up as zero and had been transferred somewhere else yesterday all around the same time at 7:30pm.

 

 

I am not sure how this is possible as I have not access my Ledger in a week. I do not know what do to as the total value is over £25000, has by currency been stolen or is it something else? I am at a lost here and right now feel so physically sick. Some please help.”

 

 

Here is a direct link to the Reddit post: – Click Here

 

 

To his credit, the Ledger CEO responded in the post that they would help the user take legal action against the e-bay seller.

 

Unfortunately, this is where these wallets have a weakness, they can be used by multiple parties and one of the main reasons we prefer the Swiss Bank in Your Pocket suite of banking applications is that it can only be used by one person on his own PC or laptop and ownership is non-transferable.

 

There has been a lot of reports recently on the vulnerability of hardware devices – Read more – Click Here

 

 

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