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What financial advisors need to know about crypto. The Ledger Connect Kit exploit has rattled the crypto community, raising serious questions about the security practices of the popular hardware wallet provider. This attack on decentralized applications DApps, including This event also contributes to a rising year-to-date tally of crypto scams and thefts, now exceeding $1 billion. This significant milestone was confirmed by CertiK, which had initially estimated that hacks and scams had cost the crypto world $997 million by the end of August. “The FBI has confirmed that this theft took place on or about September 4, 2023, and attributes it to the Lazarus Group also known as APT38 which is comprised of DPRK cyber actors,” the agency said in a press release. HypeDrop also suspended its crypto deposits as a result of the attack, publicizing the move through its social media accounts. Theres no indication that Bovada, Ignition, or any other online gaming operator Alphapo supports addressed the hack publicly, nor is there an indication of whether they took steps to mitigate any potential damage.

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