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MetaMask Portfolio Fix Deployed To Protect Users From Ledger Hack

Key Points:

MetaMask addresses a recent hack affecting all users by deploying a quick MetaMask Portfolio fix for version v2.121.0, allowing seamless trading.
Ledger confirms a breach in its Connect Kit library, impacting DeFi projects like SushiSwap.
While Ledger is yet to confirm, investigations continue, underscoring the rising challenges in crypto security.

MetaMask revealed that a recent Ledger hack has affected all users, dispelling earlier beliefs that only Ledger users were impacted. The MetaMask team swiftly responded by deploying a fix, termed the MetaMask Portfolio fix, aimed at addressing the security breach.

MetaMask Addresses System-Wide Hack with Rapid MetaMask Portfolio Fix

Users employing the latest version, v2.121.0, can resume trading as they will be automatically updated with the MetaMask Portfolio fix. MetaMask had previously singled out Ledger users, highlighting an attack on the Ledger Connect Kit.

To enhance security, MetaMask users are urged to activate the Blockaid feature in the extension before engaging in any transactions within the MetaMask Portfolio.

Ledger Connect Kit Breach Rattles Crypto Community

Meanwhile, crypto hardware wallet provider Ledger confirmed a compromise in its Connect Kit library. This breach had a cascading effect on several decentralized finance (DeFi) projects, such as SushiSwap and Revoke Cash, both advising their users to abstain from interacting with their frontends until further notice.

The gravity of the situation was underscored by blockchain analysis platform Lookonchain, which reported the theft of at least 4,334 Ether, equivalent to nearly $484,000, by the hacker responsible for the attack on Ledger’s connector library.

Although Ledger has yet to officially confirm these figures, the potential impact of this security breach could extend into the hundreds of thousands, according to the company.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.