U.S. federal investigators have linked a $150 million theft to a 2022 breach of the password manager LastPass. The breach is believed to have targeted Ripple co-founder Chris Larsen, with the stolen assets primarily consisting of XRP, which is now valued at approximately $700 million. The details emerged from unsealed court documents, revealing that the hackers exploited vulnerabilities in LastPass to access Larsen's cryptocurrency holdings. In a related development, authorities have seized $23 million in cryptocurrency that was reportedly stolen during this cyberheist. The investigation highlights ongoing concerns regarding cybersecurity in the cryptocurrency sector.
🗞 Top #CryptoNews: Sat, Mar 8 (24H) 1️⃣ David Sacks says market ‘reading too much’ into Trump mentioning #altcoins 2️⃣ #Ripple co-founder’s $150M hack tied to LastPass password vault breach https://t.co/GJAazel4V1
A $150 million theft targeting Ripple co-founder Chris Larsen has been traced back to a security lapse involving the password manager LastPass, according to a forfeiture complaint. By @shauryamalwa. https://t.co/LeKhJ24cES
US seizes $23 million in crypto stolen via password manager breach https://t.co/wpCPP3WtYz