Multiple Ethereum-based applications including Zapper, SushiSwap, Phantom, Balancer and Revoke.cash were compromised early Thursday due to a Ledger security breach.
Hacks are a common occurrence in crypto, especially in the free-wheeling world of decentralized finance (DeFi), where financial software is frequently deployed without the appropriate level of auditing and testing as well as used by people without the knowledge to do proper due diligence. Centralized entities, aka companies, like Ledger, are also common targets for assaults.
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