The recent LastPass breach has led to a substantial loss of approximately $4.4 million in cryptocurrencies from 25 investors. A crypto security expert has issued a stern warning against relying on third-party services for storing mnemonic phrases. More than 80 crypto wallets fell victim to this recent security breach. Crypto enthusiasts are once again grappling with the aftermath of a high-profile hack, as the well-known password manager LastPass was compromised. In a recent announcement on the X platform (formerly Twitter), ZachXBT, a leading blockchain security threat analyst, revealed that over 25 crypto investors suffered losses in the millions due to the LastPass security breach.

ZachXBT revealed that this breach occurred within a single day last week, resulting in the theft of over $4 million in cryptocurrency. The investigator stated, “On October 25, 2023, alone, more than $4.4 million was siphoned from 25 or more victims as a result of the LastPass hack.”