NPM Hack Puts 1 Billion Crypto Wallets At Risk As Ledger CTO Urges Users To Halt Transactions

An NPM (Node Package Manager) supply chain attack has prompted Ledger Chief Technology Officer Charles Guillemet to urge crypto users to pause on-chain transactions.

“There’s a large-scale supply chain attack in progress: the NPM account of a reputable developer has been compromised,” Guillemet wrote on X. “The affected packages have already been downloaded over 1 billion times, meaning the entire JavaScript ecosystem may be at risk.”

His recommendation to not perform any on-chain transactions was mainly targeted at crypto community members who don’t use a hardware wallet. However, he did caution anyone who does use a hardware wallet to “pay attention to every transaction before signing” in order to stay safe.

Guilleme is one of many crypto developers that has issued the warning. According to GCr’s 0x_ultra, “Chalk and projects with it as a dependency (2 billion+ weekly downloads) have been pwned.”  Developers are now stealing users’ private keys, subsequently gaining access to crypto wallets, the developer said. 

The other packages that seem to be affected are strip-ansi and color-convert. Chalk and these packages are small utilities that are buried deep in the dependency trees in a vast number of projects.

How The NPM Attack Happened

NPM is the default package manager for Node.js, which is the runtime environment for the JavaScript programming language. It’s a crucial tool in the JavaScript ecosystem, and facilitates the management of software packages and their dependencies. 

In simple terms, NPM is a large online registry that contains millions of open-source JavaScript packages and modules that any developer can use.

In the recent attack, a hacker or group of hackers managed to break into the NPM account of a well-known software developer and added malware to popular libraries that have already been downloaded over a billion times. 

The malware is designed to insert the hacker’s wallet address when a crypto user is about to execute a transaction. 

The package’s maintainer, whose accounts were compromised, confirmed the incident earlier today. In a BlueSky post, he said that he received a 2 factor authentication (2FA) email that “looked very legitimate,” but turned out to be a phishing email. 

In the email, the attackers had threatened that his account would be locked on Sept. 10 as a scare tactic to get him to click a malicious link in the email that gave the attackers access to his NPM account. 

NPM Breach Being Called The “Largest Supply Chain Attack Ever”

According to the X account Solid Intel, this attack is being called the “largest supply chain attack ever.” 

Solid Intel post

NPM attack being called the largest-ever supply chain attack (Source: X)

The malware mainly affects the front end of crypto projects, which are usually written in JavaScript and not the actual backend smart contract addresses, according to X user “cygaar.” 

Cygaar commented under his post, adding that it seems NPM has already disabled the compromised version of the affected packages. 

While several crypto users are potentially at risk, popular wallet providers such as Ledger and MetaMask have marked their platforms as safe from the attack. 

Phantom Wallet’s team also said that they do not use any vulnerable version of the affected packages, and UniSwap has noted that none of its apps are at risk either. 

Other platforms, including Blockstream Jade, Revoke.cash, Aerodrom and Blast said that their platforms are unaffected by the attack as well. 

NPM Hackers Have Only Stolen $500 So Far

Initially, the impact of the NPM attack seemed almost negligible, with reports that the hackers only stole $0.05 from the incident. However, there have since been reports that the amount has risen to $50. This suggests the full ramifications of the attack have not been felt yet.

Data from Etherscan, the blockchain explorer for the Ethereum blockchain, shows that the NPM exploiter’s address holds $492.19 as of 3:40 a.m. EST. 

The address has received funds through seven tokens, two of which are non-fungible tokens (NFTs).

Those tokens include Condola, ANDY, Brett, Dork Lord and Ethervista, as well as NFT tokens Canna-Buddiez and Sausage. The address also holds 5 cents worth of ETH.

NPM exploiter's holdings

NFT exploiter’s token holdings (Source: Etherscan)

ข้อจำกัดความรับผิดชอบ: บทความที่โพสต์ซ้ำในไซต์นี้มาจากแพลตฟอร์มสาธารณะและมีไว้เพื่อจุดประสงค์ในการให้ข้อมูลเท่านั้น ซึ่งไม่ได้สะท้อนถึงมุมมองของ MEXC แต่อย่างใด ลิขสิทธิ์ทั้งหมดยังคงเป็นของผู้เขียนดั้งเดิม หากคุณเชื่อว่าเนื้อหาใดละเมิดสิทธิของบุคคลที่สาม โปรดติดต่อ service@mexc.com เพื่อลบออก MEXC ไม่รับประกันความถูกต้อง ความสมบูรณ์ หรือความทันเวลาของเนื้อหาใดๆ และไม่รับผิดชอบต่อการดำเนินการใดๆ ที่เกิดขึ้นตามข้อมูลที่ให้มา เนื้อหานี้ไม่ถือเป็นคำแนะนำทางการเงิน กฎหมาย หรือคำแนะนำจากผู้เชี่ยวชาญอื่นๆ และไม่ถือว่าเป็นคำแนะนำหรือการรับรองจาก MEXC
แชร์ข้อมูลเชิงลึก

คุณอาจชอบเช่นกัน

Pioneering Breakthrough: US and South Korea Forge Ahead on Digital Asset Policy

Pioneering Breakthrough: US and South Korea Forge Ahead on Digital Asset Policy

BitcoinWorld Pioneering Breakthrough: US and South Korea Forge Ahead on Digital Asset Policy The world of digital assets is rapidly evolving, and with it, the urgent need for robust regulatory frameworks. A recent high-level meeting between South Korean lawmaker Min Byung-deok and former U.S. Representative Patrick McHenry underscores a pivotal moment for global digital asset policy. This significant discussion, reported by ET News, signals a strong intent to foster international collaboration. On Tuesday, these two influential figures exchanged views on crucial aspects of crypto regulation. Their dialogue aims to pave the way for a more harmonized future, addressing the complexities and opportunities presented by the burgeoning digital economy. Why is Digital Asset Policy Cooperation Crucial? The digital asset space transcends national borders. A lack of unified standards can unfortunately hinder innovation and create regulatory arbitrage. Therefore, cooperation, like this important discussion on digital asset policy, is absolutely essential for ensuring compatibility and interoperability across different markets. This proactive approach seeks to build a stable and secure environment for all participants worldwide. By working together, nations can mitigate risks, foster innovation, and unlock the full potential of blockchain technology. Such collaborative efforts are foundational for a thriving global digital economy. Shaping the Future: Key Areas of Digital Asset Policy Discussion The core of their conversation centered on two critical pillars: Enacting a Basic Law for Digital Assets: This involves establishing foundational legal principles to govern the entire digital asset ecosystem. Such a framework provides much-needed clarity and a predictable environment for businesses and investors alike. Institutionalization of Stablecoins: Stablecoins, designed to maintain a stable value, are increasingly important for transactions and financial stability. Their proper integration into traditional financial systems requires careful regulatory consideration to manage risks while harnessing their potential benefits. Both Min and McHenry agreed on the necessity of strengthening cooperation between the U.S. and South Korea. This collaboration is vital for improving the compatibility and interoperability of their respective digital asset policy frameworks, setting a global example for others to follow. The Wisdom Behind a Forward-Thinking Digital Asset Policy Former Rep. McHenry, with his extensive experience as chairman of the U.S. House Financial Services Committee, offered valuable insights. He commended the approach, stating that “addressing the entire digital asset ecosystem is a very wise and forward-thinking strategy.” He further emphasized South Korea’s unique opportunity: “South Korea could achieve legislation far superior to that of most other countries if it firmly establishes foundational principles.” This highlights the immense benefit of a comprehensive, principle-based digital asset policy. By laying strong groundwork now, South Korea can position itself as a global leader in responsible innovation. This can potentially set a benchmark for other nations to follow, demonstrating how to balance progress with protection effectively and responsibly. Navigating the Complexities of Digital Asset Policy While the path to harmonized digital asset policy is promising, it is not without its challenges. Policymakers frequently encounter several hurdles: Regulatory Divergence: Different nations often have varied legal traditions and economic priorities, making it complex to align regulations seamlessly across borders. Rapid Technological Change: The pace of innovation in digital assets often outstrips the speed of legislative processes. This requires flexible and adaptable policy frameworks that can evolve quickly. Consumer Protection vs. Innovation: Striking the right balance between safeguarding investors and fostering technological advancement is a continuous tightrope walk for policymakers. These high-level discussions are crucial steps in addressing these complexities head-on. They aim for solutions that promote both security and growth within the digital asset sector, ensuring a robust future. The meeting between Min Byung-deok and Patrick McHenry represents a significant stride towards global collaboration on digital asset policy. Their shared vision for robust legislation and the institutionalization of stablecoins underscores a collective commitment to building a more secure, interoperable, and innovative digital asset landscape. This partnership could indeed set a powerful precedent for future international regulatory efforts, shaping the future of finance for everyone. Frequently Asked Questions (FAQs) Q1: What was the primary focus of the meeting between Min Byung-deok and Patrick McHenry? A1: The primary focus was to discuss crucial aspects of digital asset policy, including enacting a basic law for digital assets and the institutionalization of stablecoins, aiming for enhanced US-South Korea cooperation. Q2: Why is international cooperation important for digital assets? A2: International cooperation is vital because digital assets transcend national borders. It helps ensure compatibility and interoperability between different markets, mitigating risks and fostering innovation through harmonized digital asset policy. Q3: What did Patrick McHenry say about South Korea’s potential in digital asset legislation? A3: McHenry commented that South Korea has the potential to achieve legislation far superior to that of most other countries if it firmly establishes foundational principles for its digital asset policy. Q4: What are stablecoins, and why are they a key discussion point? A4: Stablecoins are cryptocurrencies designed to maintain a stable value, often pegged to a fiat currency. Their institutionalization is a key discussion point because proper regulation is needed to manage risks and integrate them safely into financial systems. Q5: What challenges do policymakers face in developing digital asset policy? A5: Policymakers face challenges such as regulatory divergence among nations, the rapid pace of technological change requiring adaptable frameworks, and balancing consumer protection with fostering innovation. Did you find this discussion on US-South Korea digital asset cooperation insightful? Share this article with your network on social media to spread awareness about the evolving landscape of global digital asset policy and the crucial steps being taken towards a more secure and innovative future! To learn more about the latest digital asset policy trends, explore our article on key developments shaping crypto regulation and institutional adoption. This post Pioneering Breakthrough: US and South Korea Forge Ahead on Digital Asset Policy first appeared on BitcoinWorld and is written by Editorial Team
แชร์
Coinstats2025/09/10 14:15
แชร์