Crypto wallet security crisis deepens as NGRAVE users face $2.65 million phishing attack
Bitquery follows funds into XMR1 purchases on Hyperliquid, but cannot confirm every wallet belonged to an NGRAVE user. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
AI summary
NGRAVE hardware wallet users are reported to have lost roughly $2.65 million in a phishing attack, with Bitquery tracing the stolen funds into XMR1 purchases on Hyperliquid. Analysts could not confirm that every affected wallet actually belonged to an NGRAVE user, leaving the scope of the compromise uncertain. Traders should watch for follow-up disclosures from NGRAVE, since a confirmed hardware wallet breach would weigh on confidence in self-custody security.
