Security· ★★★· bearish·

Fake NGRAVE LIQUID alerts drain $2.56M from hardware wallet users

  • —Losses span 70 wallets on four networks, with BTC and ETH the largest
  • —Bitcoin was routed through Chainflip and mostly swapped into ETH; SOL was converted to USDC and bridged
  • —On Hyperliquid, 39 new accounts spent about $2.16 million on 3,592.71 XMR1
  • —The whereabouts of stolen XRP, XLM and DOGE remains unknown
Why it matters: Phishing delivered through a wallet's own notification channel undermines the hardware-wallet security model, where the seed phrase remains a single point of failure.
Source: AMBCrypto