Post
Topic
Board Bitcoin Discussion
Re: LastPass hack - move your crypto assets to a more secure place right now!
by
Kryptowerk
on 31/10/2023, 01:15:42 UTC
Bad news, folks! I just saw this article about how a bunch of LastPass users got hacked and lost millions in crypto.  So LastPass is that password manager where you can store all your passwords and stuff securely online.  But they got breached last year when someone stole an employee's credentials. and  Since then, hackers have been targeting LastPass users who might kept their crypto wallet info on there - private keys, seed phrases etc. 

According to the article, at least 25 LastPass users were hit and the hackers made off with about $4.4 million in crypto across different blockchains - Bitcoin, Ethereum, BNB Arbitrum, Solana, Polygon.. and users wallets got completely cleaned out in just one day.  Can you imagine logging in one day and seeing your entire crypto portfolio gone?!

This is a wake up call if you've ever stored sensitive info like crypto keys on LastPass or similar services.  You gotta move your assets to a more secure spot, like a hardware wallet or something.  Seriously go do it! This stuff keeps happening over and over again. Don't be the next victim!

LastPass Hack Victims Lose $4.4M in a Single Day


https://x.com/zachxbt/status/1717901088521687330?s=20


This is sad but whoever stores their crypto backups / seeds / passwords to wallets etc in an ONLINE password manage totally misunderstood tthe self-custody aspect of crypto / Bitcoin.
I still believe password managers do have some value - for throwaway logins or stuff that is just very convenient to access via some basic account. Anythign related to your identity or any real value does not belong there however.

Also, I do believe there are hardware solutions - didn't Trezor have a built-in password manager? Not sure if they continued this service, though