Zachxbt Links $12.38 Million Crypto Heist to Lastpass Breach, 100 Wallets Affected

Zachxbt Links $12.38 Million Crypto Heist to Lastpass Breach, 100 Wallets Affected

A bombshell update from blockchain detective Zachxbt has shaken the crypto world: hackers tied to the notorious 2022 Lastpass breach have drained an eye-watering $12.38 million in cryptocurrency from more than 100 wallets, escalating a security crisis that began with the breach of the popular password manager.

The Latest Crypto Theft Connected to Lastpass

Zachxbt’s investigation has uncovered that over 100 victimized wallets were targeted, leading to a massive $12.38 million in stolen assets. This attack is linked to the 2022 Lastpass breach, where hackers gained access to encrypted vaults, API tokens, and user credentials, exploiting sensitive customer data for financial gain.

The thieves employed a sophisticated technique: they swapped stolen cryptocurrency for ether (ETH), then converted it into bitcoin (BTC) through instant exchange platforms, making it difficult for authorities to trace. Zachxbt shared these findings in his Telegram group, ‘Investigations by Zachxbt,’ shedding light on the growing complexity of these attacks.

A Continuing Fallout from the Lastpass Incident

This recent heist is just one chapter in the ongoing aftermath of the Lastpass breach. Zachxbt had previously tracked two other waves of attacks stemming from the 2022 hack: one in October 2023, where $4.4 million was stolen, and another in February 2024, which saw victims lose more than $6.2 million.

The fact that so many wallets were compromised underscores a significant vulnerability for users who stored critical information like seed phrases or wallet keys in Lastpass accounts. The breach has now resulted in millions of dollars in lost crypto, leaving many crypto holders at risk.

The Growing Threat and Urgent Warnings

In response to this alarming revelation, many within the crypto community have urgently advised users to take immediate action if they suspect their wallet credentials were stored in Lastpass. With the breach continuing to fuel new waves of theft, this serves as a stark reminder of the dangers of centralized password management systems.

To safeguard their assets, crypto holders are strongly encouraged to move their funds to more secure, offline storage solutions and explore decentralized alternatives. As the attacks continue to unfold, securing digital assets has never been more critical.

This latest update from Zachxbt further illustrates how centralized platforms can become a liability for crypto enthusiasts. The growing number of attacks related to the Lastpass breach serves as a powerful warning to reconsider the storage and management of sensitive crypto data.