Unsealed Court Docs: US Investigators Believe Hackers Stole $150M in XRP from One Person in January 2024

Three years after password manager LastPass was breached, twice, the full extent of the damage is finally starting to come into focus. According to recently unsealed court documents, US investigators believe that the hackers responsible for the breach stole a staggering amount of cryptocurrency from one individual.

The alleged victim, whose name has not been publicly disclosed, suffered a loss of approximately $150 million in XRP (a type of digital currency) in January 2024. However, as the value of cryptocurrency can fluctuate wildly over time, this amount would now be equivalent to roughly three-quarters of a billion dollars.

The breach, which occurred on multiple occasions between November 2022 and December 2022, is believed to have been orchestrated by a group of hackers who exploited vulnerabilities in the LastPass system. The perpetrators are thought to have made off with sensitive information, including login credentials and private keys, which allowed them to access and drain the victim's cryptocurrency accounts.

The revelation has sent shockwaves through the cybersecurity community, highlighting the severity of the breach and the potential long-term consequences for those affected. As investigators continue to dig into the details of the incident, it remains to be seen how many other victims may have been impacted by the breach.

The unsealed court documents provide a glimpse into the ongoing efforts to hold those responsible accountable for their actions. While the full extent of the damage is still emerging, one thing is clear: the 2022 LastPass breach has had far-reaching consequences that will be felt for years to come.