Buy Bitcoin, Not MicroStrategy, If You Want Bitcoin Exposure
Money Markets Buy Bitcoin, Not MicroStrategy, If You Want Bitcoin Exposure By Chuck Jones Senior Contributor I cover technology companies, worldwide economies and the stock market Following Dec 31, 2024, 01:20pm EST Save Article Comment Bitcoin cryptocurrency background. A bunch of golden bitcoin, Digital currency getty After gains of 346% in 2023 and about 360%
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Money Markets Buy Bitcoin, Not MicroStrategy, If You Want Bitcoin Exposure By Chuck Jones Senior Contributor I cover technology companies, worldwide economies and the stock market Following Dec 31, 2024, 01:20pm EST Save Article Comment Bitcoin cryptocurrency background. A bunch of golden bitcoin, Digital currency getty After gains of 346% in 2023 and about 360% Read More
The untrammelled ascent of bitcoin has occupied the attention of many market watchers of late, with Donald Trump’s election to the White House sending the cryptocurrency – and others like it – on an eye-watering tear. Bitcoin has risen nearly 50 per cent since November 3 – the eve of the US election – while
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The untrammelled ascent of bitcoin has occupied the attention of many market watchers of late, with Donald Trump’s election to the White House sending the cryptocurrency – and others like it – on an eye-watering tear. Bitcoin has risen nearly 50 per cent since November 3 – the eve of the US election – while Dogecoin… Read More
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The post Ripple (XRP) Struggles Amid SEC Speculations, Investors Add Cardano and Yeti Ouro As It Announces 25% Bonus In New Year appeared first on Coinpedia Fintech News
The cryptocurrency market remains volatile as Ripple (XRP) faces uncertainties from its ongoing legal battle with the SEC… Read More
Key Takeaways A user reported losing $2.5 million in Bitcoin and NFTs due to a security breach on a Ledger Nano S. The incident has raised questions about Ledger’s security practices, prompting community scrutiny. Share this article
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Key Takeaways
A user reported losing $2.5 million in Bitcoin and NFTs due to a security breach on a Ledger Nano S.
The incident has raised questions about Ledger’s security practices, prompting community scrutiny.
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Ledger’s security practices are under scrutiny after a crypto user reported losing approximately $2.5 million in digital assets stored on a Ledger hardware wallet, including 10 Bitcoin valued at $1 million and $1.5 million worth of NFTs.
The user, identified as @anchor_drops on X, claimed the assets were stolen from their Ledger Nano S device, which had been purchased directly from Ledger. According to the user’s post, the seed phrase was securely stored and never entered online, and no malicious transactions were signed.
“The device had not been used for two months,” @anchor_drops stated on X, raising questions about the security breach’s nature.
Source: @anchor_drops
The incident has sparked mixed reactions within the crypto community. Some users suggested that the loss might be related to a long-standing vulnerability that had resurfaced. There were also widespread concerns about potential flaws in Ledger’s security system.
This was my story a few years ago. Made a purchase from ledger store, also understand that prior to this, I have used hot wallet and never had any sort of hack, but I got hacked a few days storing my assets on my ledger without interacting with any platform. https://t.co/FUmePh4JBi
— TARIQ𓃵 | 🗽🔥 💃 (@Teriqstp) December 13, 2024
Many were more skeptical, suggesting that there might be more to the story. Some community members suspected that the incident may be linked to human error rather than a flaw in Ledger’s security systems. This means that even if the user believed they were careful, they could have mishandled the wallet.
Sounds like a bunch of BS… do you care to tell true story? Either someone got your private key, you didn’t receive your ledger for the actual site or this is a load of rubbish
— $Link Marine 💪💯🎯 (@link_we80825403) December 13, 2024
Ledger has issues but what happened to you is not their fault. Somewhere in your chain of activities you were compromised.
There’s nothing anyone can do about it.
If you share your addresses maybe crypto / security community can help you get an answer.
— Jurad.eth (@jurad0x) December 13, 2024
A community member said that if this type of loss were widespread, many crypto holders would have lost their funds.
