{"id":14704,"date":"2026-10-20T14:32:49","date_gmt":"2026-10-20T14:32:49","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14704"},"modified":"2026-10-20T14:32:49","modified_gmt":"2026-10-20T14:32:49","slug":"crypto-wallet-security-crisis-deepens-as-ngrave-users-face-2-65-million-phishing-attack","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14704","title":{"rendered":"Crypto wallet security crisis deepens as NGRAVE users face $2.65 million phishing attack"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-figure-scope=\"\" data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>Hackers routed $2.16 million in suspected NGRAVE phishing proceeds to Hyperliquid after hijacking the wallet maker&#8217;s app notifications.<\/p>\n<p>Blockchain analytics firm Bitquery traced approximately $2.65 million in suspected losses across 84 cryptocurrency wallets following the Oct. 17 attack, which exploited security notifications sent through NGRAVE&#8217;s LIQUID companion app.<\/p>\n<p>The thefts occurred over roughly six hours across Bitcoin, XRP, Ethereum, Solana, Dogecoin and Stellar. Bitcoin accounted for the largest share, with attackers draining about $1.76 million from 21 wallets before moving the proceeds across multiple blockchains.<\/p>\n<p>Bitquery traced much of the stolen Bitcoin through 12 Chainflip swaps, while Ethereum and Solana proceeds passed through bridges before converging on 39 Hyperliquid accounts.<\/p>\n<p>The accounts then purchased about 3,593 XMR1 tokens, a cryptocurrency that tracks the price of privacy-focused Monero, for $2.16 million.<\/p>\n<p>As of Bitquery&#8217;s latest recorded check on Oct. 19, the tokens had neither been sold nor withdrawn. Their combined value was about $2.12 million, leaving a substantial portion of the suspected proceeds concentrated in identifiable accounts.<\/p>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter shoggoth-infographic shoggoth-infographic-portrait wp-image-574612\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-2041aaa1-fb75-4a49-803c-092d69c089a5.png\" alt=\"Bitquery's suspected NGRAVE phishing money trail: Bitcoin, Ethereum and Solana proceeds reached 39 Hyperliquid accounts buying XMR1; other onward routes remain unproven. Holdings were checked at 09:00 UTC on October 19, 2026.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-2041aaa1-fb75-4a49-803c-092d69c089a5.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-2041aaa1-fb75-4a49-803c-092d69c089a5-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-2041aaa1-fb75-4a49-803c-092d69c089a5-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-2041aaa1-fb75-4a49-803c-092d69c089a5-768x960.png 768w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\"\/><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"lazyload aligncenter shoggoth-infographic shoggoth-infographic-portrait wp-image-574612\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-2041aaa1-fb75-4a49-803c-092d69c089a5.png\" alt=\"Bitquery's suspected NGRAVE phishing money trail: Bitcoin, Ethereum and Solana proceeds reached 39 Hyperliquid accounts buying XMR1; other onward routes remain unproven. Holdings were checked at 09:00 UTC on October 19, 2026.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-2041aaa1-fb75-4a49-803c-092d69c089a5.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-2041aaa1-fb75-4a49-803c-092d69c089a5-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-2041aaa1-fb75-4a49-803c-092d69c089a5-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-2041aaa1-fb75-4a49-803c-092d69c089a5-768x960.png 768w\" data-sizes=\"(max-width: 720px) 100vw, 720px\"\/><\/p>\n<p>The investigation identified the suspected victims through transaction patterns and reported losses, although other phishing attacks may have affected some of the 84 wallets.<\/p>\n<p>In an Oct. 19 incident report, NGRAVE confirmed that attackers compromised access to a third-party service responsible for delivering LIQUID push notifications.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter cs-newsletter-brand\" data-newsletter-edition=\"catalyst\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\">\n<div class=\"cs-inline-newsletter__editorial\">\n<p class=\"cs-inline-newsletter__eyebrow\">The Catalyst<\/p>\n<p class=\"cs-newsletter-frequency\">Daily Newsletter<\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">Know what\u2019s moving crypto.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start with the stories that matter. Get the context behind the headlines and a clear view of what to watch next.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__art\" aria-hidden=\"true\"> <img loading=\"lazy\" src=\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/catalyst-newsletter-scrapbook-v3.webp\" alt=\"\" width=\"640\" height=\"640\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" src=\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/catalyst-newsletter-scrapbook-v3.webp\" alt=\"\" width=\"640\" height=\"640\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p>The fraudulent messages warned users that their cryptocurrency portfolios had been synchronized with a Pixel 9 device in Moscow. After the alerts, victims were directed to a website that asked for their recovery phrases or NGRAVE Perfect Keys.<\/p>\n<p>Those credentials let attackers recreate affected wallets and transfer assets without accessing the ZERO hardware devices, which NGRAVE said kept private keys offline.<\/p>\n<h2>Crypto wallet makers face mounting security threats<\/h2>\n<p>The incident follows a similar phishing campaign against SecuX users on Oct. 16, raising concerns about attackers exploiting trusted communication channels to target hardware wallet customers.<\/p>\n<p>Nick Percoco, Kraken&#8217;s chief security officer, highlighted the similarities between the two incidents, describing NGRAVE as the second wallet manufacturer in two days whose application notifications were used to steal recovery phrases.<\/p>\n<p>The repeated attacks add to a difficult year for hardware wallet manufacturers, whose security models have faced increasingly sophisticated threats.<\/p>\n<p>In July, a firmware vulnerability affecting Coldcard devices weakened the randomness used to generate wallet recovery phrases, allowing attackers to reconstruct private keys. Blockchain intelligence firm TRM Labs estimated that attackers stole about $116 million in Bitcoin.<\/p>\n<p>More recently, Ledger disclosed that criminals\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">modified hardware wallets distributed through resellers, installing hidden components that could capture<\/span> recovery phrases. Investigators linked the operation to suspected cryptocurrency thefts totaling more than $90 million.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Who opened your crypto wallet before it reached your hands?<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>The incidents exposed weaknesses across hardware wallet security, from software vulnerabilities and compromised distribution channels to fraudulent messages delivered through legitimate apps.<\/p>\n<p>For manufacturers, the repeated breaches are increasing pressure to strengthen security beyond the devices themselves, particularly across third-party services and customer-facing infrastructure.<\/p>\n<\/div>\n<p>Featured,Hacks,Research,Wallets,Bitcoin,BTC,ethereum,Monero,Solana,XMR,xrpBitcoin,BTC,ethereum,Monero,Solana,XMR,xrp#Crypto #wallet #security #crisis #deepens #NGRAVE #users #face #million #phishing #attack1792506769<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hackers routed $2.16 million in suspected NGRAVE phishing proceeds to Hyperliquid after hijacking the wallet maker&#8217;s app notifications. Blockchain analytics firm Bitquery traced approximately $2.65 million in suspected losses across 84 cryptocurrency wallets following the Oct. 17 attack, which exploited security notifications sent through NGRAVE&#8217;s LIQUID companion app. The thefts occurred over roughly six hours<\/p>\n","protected":false},"author":1,"featured_media":14705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1280,91,285,1569,62,483,31,1229,406,1106,7490,595,1676,152,360,159,5285,230],"class_list":["post-14704","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-attack","tag-bitcoin","tag-btc","tag-crisis","tag-crypto","tag-deepens","tag-ethereum","tag-face","tag-million","tag-monero","tag-ngrave","tag-phishing","tag-security","tag-solana","tag-users","tag-wallet","tag-xmr","tag-xrp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - 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