Crypto Thieves Exploit Ngrave Alerts to Steal $2.56 Million
Hackers hijacked Ngrave's notification system to send fake security alerts, resulting in the theft of $2.56 million from 70 wallet addresses across four blockchains.
Hackers hijacked Ngrave's notification system to send fake security alerts, resulting in the theft of $2.56 million from 70 wallet addresses across four blockchains. Bitcoin (BTC) is trading at ₹79,13,861 ($83,308.00). This is an original Token Times brief synthesising 2 outlets (Bitcoin.com, Blockonomi), with their figures cross-checked, plus live market data, as of Wed, 21 Oct 2026 10:45:01 UTC.
This incident highlights the vulnerability of trusted notification systems in crypto security, demonstrating that attackers can exploit weaknesses in third-party services to compromise user funds without directly breaching hardware wallets.
- Hackers stole $2.56M by hijacking Ngrave's LIQUID app notifications.
- Bitcoin accounted for $1.77M of the stolen funds.
- Attack affected 70 wallet addresses across four blockchains.
- Stellar TVL rose 71.6% in the past week despite the incident.
Bitcoin.com and Blockonomi both report that hackers exploited a third-party notification provider for Ngrave's LIQUID app to send fake security alerts on October 17th, resulting in the theft of $2.56 million from 70 wallet addresses across four blockchain networks. The stolen amount is corroborated by both outlets, with Bitcoin.com specifying that Bitcoin made up $1.77 million of the losses, while Blockonomi adds that XRP, Ethereum-based assets, and Stellar were also targeted. No outlet contradicts these figures or the basic sequence of events.
On October 17th, crypto hardware wallet maker Ngrave fell victim to a sophisticated attack where hackers hijacked the company's LIQUID app notification system. The attackers sent fraudulent security alerts to users, tricking them into revealing sensitive information that allowed the thieves to drain their wallets.
The attack resulted in the theft of approximately $2.56 million from 70 wallet addresses across four blockchain networks. According to 
Bitcoin.com, Bitcoin was the most targeted asset, accounting for $1.77 million of the total losses. Blockonomi reports that 
XRP, 
Ethereum-based assets, and Stellar were also compromised.
While the exact technical details of the breach remain unclear, it is evident that the attackers did not directly compromise Ngrave's ZERO hardware wallets. Instead, they exploited a vulnerability in the third-party notification system used by the LIQUID app, highlighting the potential risks associated with relying on external services for security alerts.
This incident comes at a time when the overall crypto market is experiencing a period of growth, with the total market cap standing at $2.86 trillion and Bitcoin trading at $83,336, up 2.28% in the past 24 hours. The Fear & Greed index is at 63, indicating a sentiment of 'Greed' among investors.
The attack on Ngrave underscores the importance of robust security measures in the crypto space. As the industry continues to evolve, companies must prioritize the security of their platforms and the protection of user funds. Investors should remain vigilant and take additional precautions to safeguard their assets.
Since this brief published about 11 hours ago, Bitcoin (BTC) has moved from ₹79,16,521.32$83,336.00 to ₹79,13,861.45$83,308.00 — -0.03%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.58M (about $83,308.00), up 2.3% over 24 hours. The rupee itself trades about 8.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 21, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Crypto Thieves Exploit Ngrave Alerts to Steal $2.56 Million — questions & answers
How did the hackers gain access to Ngrave users' wallets?
The hackers exploited a vulnerability in Ngrave's LIQUID app notification system to send fake security alerts, tricking users into revealing sensitive information.
Which cryptocurrencies were stolen in the attack?
Bitcoin, XRP, Ethereum-based assets, and Stellar were the cryptocurrencies targeted in the attack, with Bitcoin accounting for the majority of the losses.
What is Ngrave doing to address the security breach?
Ngrave has acknowledged the incident but specific details about their response or security updates have not been disclosed in the coverage.
How much is 1 Bitcoin worth in rupee today?
About ₹8.58M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $83,308.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com, Blockonomi, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.