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$3,777 has been sucked directly out of my Ledger. I have no idea how this is possible

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by COINS NEWS 95 Views

159 days ago... and this has just now been brought to my attention. 3777 UDSC has gone missing from my Ledger. My seed has been sitting in my house collecting dust. I just checked and it's exactly where I left it.

0x4ea21429cdf73bdb03cde5d9a589f897fe912e93c24812f9ffb22b8b2de3525f this is the transaction hash

0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48 this is the address it was sent to.

I'm not sure what to do. All the other funds on this device are still there. Does anyone have any ideas??

Edit: thanks to the detective work of the savvy folks here, I know what took place. Early this year, I extracted my funds from Sifchain as they were essentially going under. Before doing so, I ended up on a copy/paste Sifchain and signed a contract that appeared...different. While it was an indecipherable series of letters numbers and characters like every other smart contract, the format was definitley off. The contract didn't appear to execute, so I'd thought that they simply didn't have the ability to pull this kind of scam with a hardware wallet. This coupled with not being aware of the convention of smart contract access and how to see/revoke it, I moved on, believing the hardware wallet had pushed me out of the way of a bullet. Turns out, this was the most sophisticated scam I've seen to this day.

I had previously seen stable coins as not an investment, but dry powder with which to invest with when the opportunity presents itself. As it turns out, stable coins ended up being by far the biggest loss I've taken in anything, ever. This USDC loss plus the UST collapse have been insurmountable for me.

Now, I'm not at all the most tech savvy person out there in regards to crypto, how various interactions work and best safety practices, but I definitley know more and have more experience than any single individual I know personally. If something like this can happen to me, god only knows how many others have been taken advantage of and raped and will be in the future for not having a comprehensive knowledge of all the many intricacies that come with this asset class.Regardless of the fact that this incident was my fault, objectively speaking, only crypto can present the scenario where a duplicate website and an unintelligable series of characters (and whatever the hell actually took place with UST) can obliterate years of investment funds without hope of any kind of restitution. Entering crypto has turned out to be by far the single biggest mistake of my financial life.

Until some kind of functional safeguard is put in place to prevent these kinds of things from repeatedly screwing those without cryptography degees out of their investment funds, and possibly much more, crypto can never truly see mass adoption.

As much time as I've put into crypto and learning how to participate in the many opportunities it presents, I see no other reasonable choice but to back away from the asset class entirely and do whatever I can to salvage my mental health and wellbeing.

submitted by /u/Tsjanith
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