LastPass Breach Fuels Another $4.4M Crypto Theft In A Day
Portfolio Pulse from Benzinga Neuro
The LastPass breach, first disclosed in 2022, has resulted in at least $35 million in crypto theft. The most recent heist added another $4.4 million to the total. In December 2022, LastPass announced that an intruder had used information from a previous breach to target a LastPass employee, obtaining their credentials and decrypting stored customer data. A backup of encrypted customer vault data was also stolen. Earlier this year, LastPass faced a class-action lawsuit from individuals alleging that the August 2022 breach led to the theft of approximately $53,000 in Bitcoin (CRYPTO: BTC).
October 30, 2023 | 10:00 am
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The LastPass breach has led to significant crypto theft, including approximately $53,000 in Bitcoin. This highlights the security risks associated with storing crypto assets and could potentially impact Bitcoin's price.
The news of the LastPass breach and the subsequent theft of Bitcoin could potentially lead to a decrease in Bitcoin's price in the short term. This is due to the increased perception of risk associated with storing and transacting in Bitcoin, which could lead to a decrease in demand.
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IMPORTANCE 80
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