Ledger Devs Post Warning About Monero Client After User Reportedly Loses 1,680 XMR to Bug

The Ledger developers team posted a warning on Monero's subreddit on March 4 advising users not to use the Nano S Monero app.

In the comments to the post, Nicolas Bacca, chief technical officer at Ledger, stated that the most likely scenario - given how extensively the app has been tested - is a synchronization issue.

Still, the warning issued later specifying a change address problem confirmed that this was not the case.

About two hours later, Ledger developers published the aforementioned warning on the Monero subreddit, and the official Monero Twitter account retweeted a tweet containing a link to the warning submitted by the official Ledger Twitter account.

The warning post specifies that the problem presents itself when using the latest version of Monero client with application 1.1.3.

Monero team members have not answered Cointelegraph's request for comment by press time.

Per CoinMarketCap data, Monero is the 13th biggest cryptocurrency by market cap, equivalent to over $800 million at press time.

It is particularly known for his focus on privacy, as well as use by hackers in cryptojacking malware.

In February, news broke that a new hacking tool is propagating throughout the online community of Windows' users in an attempt to install cryptocurrency mining malware that mines XRP. As Cointelegraph reported at the end of last year, researchers have reportedly shown how they were able to hack crypto wallets Trezor One, Ledger Nano S and Ledger Blue at the 35C3 Refreshing Memories conference.

The next day, Ledger released an announcement stating that they regret that the researchers hadn't disclosed the findings responsibly and that the discovered vulnerability is not critical.