Fake Ngrave Security Alerts Linked to $2.56M Crypto Theft

Crypto thieves stole approximately $2.56 million after using fake security warnings to target users of Belgian hardware-wallet maker Ngrave, Bitcoin.com News reported.

The warnings appeared through a trusted notification system and prompted users to take action to protect their funds. Instead, the alerts directed them toward the attackers, who drained their crypto.

The reported attack exploited the notification channel rather than breaking into the hardware wallets themselves. The source excerpt did not specify how the thieves gained access to that system or how many users were affected.