Cryptocurrency [loss] $40M+

Complaint

2025-02-27 [vendor] Mirashi [chain] bitcoin
Primary Source ↗
Financial Loss $40.0M (40,000,000 USD)
Blockchain(s) Bitcoin

Incident Details

A plaintiff named Mandar Mirashi has filed a lawsuit against an unknown defendant accused of stealing around $40 million in bitcoin through a sophisticated phishing attack and/or device compromise. After receiving suspicious emails from or appearing to be from Google, the Ledger hardware wallet manufacturer, and Apple, and after observing an apparent device compromise allowing an attacker to delete his Reddit account without his involvement, Mirashi moved 300 BTC from a Ledger hardware wallet, believing it to be compromised. An attacker then attempted to steal the funds from the hot wallet where he’d moved them, but Mirashi was able to intervene in time to cancel the transaction. Mirashi moved the funds back to the Ledger, only to discover the next day that around 522 BTC had been stolen from two of his Ledger wallets.

Total loss estimated at $40,000,000.

Technical Details

Initial Attack Vector
Phishing attack
Vendor / Product
Mirashi

Timeline

  1. 2025-02-27 Breach occurred
  2. 2025-02-27 Publicly disclosed