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Crypto Wallets Hackers

Ledger Crisis: Users May Pursue a Lawsuit as They Receive Threatening Emails

The security breach on Ledger, which led to the exposure of customers’ contact information, is currently causing a heavy shake of the company’s long-built reputation as the leading and secured hard wallet maker. On December 20, a hacker(s) dumped a database containing email addresses and physical contact information of Ledger customers, making them even more vulnerable to threats and phishing attacks – to a greater extent.

While the company says they are working to investigate the matter, customers are already displaying signs of pushing a class-action lawsuit against the hardware wallet provider. 

Ledger Users are Already Receiving Threatening Messages via Email

The recent development on the Ledger hack was spurred after a database – probably stolen in the June attack – was dumped on RaidForms, a marketplace for trading stolen information. This resulted in the exposure of over one million email addresses subscribed to Ledgers’ newsletter, including the Emails, Physical Addresses, Phone numbers, and other identifying information of 272,000 Ledger buyers. 

With this information in the wrong hands, many people feared that this is only the beginning of threats and phishing attacks on the customers. Already, the customers are receiving messages of physical threats, if they don’t pay about $500 in Bitcoin ransom, according to a Reddit user, u/elephants. The message sent to him/her reads precisely:

Hello (my name), I have recently become aware of your Cryptocurrency holdings, I also live in (my city), and I also know that you live at (my address). I’m not afraid to invade your home, I don’t want to make this any harder than it has to be. I’m offering you $500 (shouldn’t be much to you considering the recent pump) to leave you alone. 

If not, I’m not afraid to show up when you least expect it and see how my wrench works against your face, or maybe even wait for you to leave your home and take your belongings whilst you’re not there to call the police. I’ll be waiting for the money, and watching you until then.

Lawsuits hovering 

As Ledger customers seem not to be satisfied with the company’s response to the development, they are raising talks on pushing a class-action lawsuit against the wallet maker. 

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Crypto News Crypto Wallets

Lumi Becomes Latest Crypto Wallet to Support Apple Pay

cLeading digital currency wallet, Lumi, announced on Friday a new software update that will enable customers to purchase cryptocurrencies through Apple Pay, the digital payment platform of Apple Inc. This comes as an addition to the already-existing payment options available for the users, making buying and trading of cryptos easier on the platform. 

Meanwhile, it’s worth noting that the parent company of Apple Pay is seemingly not a big fan of cryptocurrencies, judging their past actions on crypto-related services.

Apple Pay Lessens KYC Procedures in Buying Crypto

As reported, the integration of Apple Pay on the crypto wallet reduces the need for the customers to provides know-your-customer (KYC) verifications before transacting cryptos on the platform. Lumi noted that the new payment method would be available in 60 countries, including Australia. However, users can only buy the supported cryptos – Bitcoin (BTC), Ether (ETH), Tether (USDT), and more – at $1,000 and $7,500 as the daily and weekly limit, respectively.

While commenting on the integration, Lumi said “this step has opened access to an alternative purchase option for hundreds of thousands of users around the world. […] Lumi Wallet’s iOS users will be able to choose a new option to buy crypto using Apple Pay.” 

Apple Pay simplifies the crypto purchasing process as users no longer need to verify their details since they already have an account with Apple Pay wallet.

But, Apple is not a fan

The technology giant, Apple had once introduced a regulation that banned many crypto apps for mining on the Apple store. Recently in September, the founder of Coinbase, Brian Armstrong took to his Twitter handle to accused the company of making innovations in the cryptocurrency space very stiff. Crypto companies are “reluctant to speak out on these topics for fear of retaliation,” he added.

Meanwhile, many industry players, including the CEO of MicroStrategy, Michael Saylor, predicted that the tech giant would eventually make a large scale investment in Bitcoin in the future.