Crypto Hardware Wallet Developers of Ledger Send Warning Message About Monero (XMR) Bug


The hardware wallet developers Ledger has issued a warning on Reddit asking individuals owning a Nano S wallet to cease using the latest version of Monero client having the newest version of Moreno app.

There's A Bug In Your Monero Wallet

The caution has come in response to a Reddit user claiming there's a bug in the Nano S Monero app which resulted in the loss of about 1,680 Monero (XMR) which is almost $80,000. In the user's (MoneroDontCheeseMe) account of events, the user transferred 0.000001, 10, 20, and then 200 XRM from the Ledger hardware wallet to a view-only wallet and remained with a total of 1,690 XRM as well as 141.9 XMR in the unlocked balance.

ALERT: Stop using Ledger with 0.14 client from Monero

Further, the user decided to transfer the 141.9 XRM to a view-only wallet only to find that, after the transfer, the hardware wallet balance was zero XRM.

After comprehensive research, the user claims that the transactions recorded on the blockchain thoroughly didn't add up. The user's view-only wallet indicates that only 200 XRM was transferred and the Ledger wallet indicates 1,691 XRM was moved.

According to the user, a bug in Ledger's Monero software is responsible for the loss of their funds with a clarity that still XRM is on their Ledger device only that it's not showing up.

The Difference Is The Same

Ledger's chief technical officer (CTO) Nicolas Bacca responded on Reddit after reporting the bug believing that the lost XMR must be as a result of an issue with synchronization. Bacca stated that the app was extensively tested both internally and the community.

However, the Redditor still claims that they restored the Ledger wallet, updated the firmware as well as resynced with the blockchain, but again, the wallet shows zero XRM.

After clarification, Ledger issued a warning on Reddit as well as Twitter including a note on Monero app support page that the company is making an investigation about the issue. The signal from ledger developers specifies that the problem presents itself when using the latest version of Monero client with app 1.1.3.

The primary cause of the issue is still on the dark, but it's believed from the early tests to be a combination of using the latest client with the newest Ledger application. Therefore, in the meantime, it would be best to ensure that no transaction is made or moving any Monero anywhere until the issue is resolved.

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