Hackers hijacked a third-party notification system used by Ngrave’s LIQUID app on Oct. 17, sending fake security alerts that tricked users into revealing their recovery phrases. This led to the theft of about $2.56 million from 70 wallets across four blockchain networks, mostly in Bitcoin. Ngrave’s hardware wallets were not breached; instead, users were deceived by a fake website. The company has admitted failure, replaced compromised keys, and plans to implement stricter security measures while urging affected users to create new wallets.
The Ngrave Wallet security breach involving $2.56 million lost in Bitcoin and XRP provides context for readers following cryptocurrency markets. For readers following cryptocurrencies, here is Pluang's market snapshot as of Oct 21, 2026 16:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 45 rose and 4 fell today. Notably, THETA rose 9.76% to Rp3.701 with 100% sell order activity, contrasting with BAT which fell 9.22% to Rp3.305 and had 84% sell orders. EOS also gained 8.13% to Rp12.649, with typical hold times ranging from 78 to 93 days among these assets.
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