- A user reported losing 10 Bitcoin and $1.5 million in NFTs due to phishing.
- The attack occurred years ago but remained dormant until recently draining the wallet.
- Experts stress reviewing token approvals regularly and practicing vigilance during onchain transactions.
A cryptocurrency investor has reported significant losses tied to a phishing attack, highlighting the ongoing risks in the digital asset market. The individual, known as “Anchor Drops” on X, revealed losses totaling approximately $2.5 million, including 10 Bitcoin and $1.5 million in NFTs. The assets were stored on a Ledger Nano S hardware wallet.
Incident Traced Back to Phishing Hack from 2022
Blockchain security experts and Ledger representatives linked the theft to a phishing transaction from February 2022. According to blockchain data shared by security researcher KDean, the user unknowingly signed a malicious transaction nearly three years ago. The hacker reportedly remained inactive for years before exploiting the approval to drain the wallet.
Security Recommendations and Best Practices
Ledger emphasized that the phishing attack was unrelated to any direct vulnerability in its hardware wallets. The company urged users to practice caution when interacting with their wallets and to review token approvals regularly. Cyvers echoed the importance of maintaining awareness during onchain transactions and understanding potential risks.
The incident serves as a reminder for crypto users to implement robust security practices, including safeguarding recovery phrases, verifying transactions carefully, and conducting regular audits of token approvals. As the digital asset market continues to grow, the importance of vigilance cannot be overstated.
