this post was submitted on 07 Sep 2023
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More than $35 million has been stolen from over 150 victims since December — ‘nearly every victim’ was a LastPass user (www.theverge.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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More than $35 million has been stolen from over 150 victims since December — ‘nearly every victim’ was a LastPass user::Security experts believe some of the LastPass password vaults stolen during a security breach last year have now been cracked open following a string of cryptocurrency heists

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[–] autotldr@lemmings.world 17 points 1 year ago (1 children)

This is the best summary I could come up with:

Cybersecurity blogger Brian Krebs reports that several researchers have identified a “highly reliable set of clues” that seemingly connect over 150 victims of crypto theft with the LastPass service.

Taylor Monahan, lead product manager at crypto wallet company MetaMask and one of the key researchers investigating the attacks, concluded that the common thread connecting the victims was that they’d previously used LastPass to store their “seed phrase” — a private digital key that’s required to access cryptocurrency investments.

These keys are often stored on encrypted services like password managers to prevent bad actors from gaining access to crypto wallets.

We have reached out to LastPass to confirm if any of the stolen password vaults have been cracked and will update this story if we hear back.

Researcher Nick Bax, director of analytics at crypto wallet recovery company Unciphered, also reviewed the theft data and agreed with Monahan’s conclusions in an interview with KrebsOnSecurity:

“I’m confident enough that this is a real problem that I’ve been urging my friends and family who use LastPass to change all of their passwords and migrate any crypto that may have been exposed, despite knowing full well how tedious that is.”

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