Ngrave Wallet Users Lose $2.56M in Bitcoin and XRP After Fake Security Alerts

TLDR Hackers hijacked a third-party notification provider for Ngrave’s LIQUID app and sent fake security alerts on Oct. 17. About $2.56 million was stolen from 70 wallet addresses across four blockchain networks. Bitcoin made up $1.77 million of the losses, followed by XRP, Ethereum-based assets and Stellar. Ngrave says its ZERO hardware wallets were not breached. Victims entered their recovery phrases on a fake website. The CEO said the company “absolutely and utterly failed” and has added new security controls.