‘Self-custody will die very quickly’ – Ledger wallet theft hits $91M

Ledger theft has hit $91 million, spanning nearly 500 addresses, and raises questions about the future of crypto self-custody. The Tron network is the hardest hit, with 276 victim addresses drained of about $64.5 million. The Bitcoin [BTC] addresses are the second most affected (276 addresses), losing $17.7 million, while the Ethereum [ETH] ecosystem suffered $8.8 million across 55 addresses. Because the impact on BNB Chain, Base, Avalanche, and other chains hasn't been fully traced, Galaxy’s head of research, Alex Thorn, viewed the $91 million as a “floor” of total theft.

Source: AMBCrypto