The Defiant - DeFi Podcast cover image

Blockchain Detective Taylor Monahan Explains $10M Hack and How to Stay Safe in Crypto

The Defiant - DeFi Podcast

CHAPTER

The LastPass Hack and the Root Cause

Do we know how the hacker is gaining access to these people's seed phrases? I mean, you're saying that many of these people are pretty experienced like I imagine it's some people who are just like giving away their seed phrase. Do you know how that's actually happening? No. So that's what we're still trying to get to the bottom of. We have about like 50 different sort of stories and like somewhat organized fashion have gone through them. There are a large number of people in this group that seem to have stored their secret recovery phrases or multiple keys and secret cover phrases all in LastPass. And so essentially, theoretically, these hackers now have everyone's vaults.

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