LastPass has agreed to settle a lawsuit related to the 2022 data breach for up to $24.45 million. The settlement includes $16.25 million allocated for documented cryptocurrency losses. The breach resulted in over $438 million in thefts, notably including $150 million from Ripple's Chris Larsen. Despite the settlement, LastPass denies any wrongdoing. Additionally, the UK's Information Commissioner's Office fined LastPass £1.2 million for security lapses that affected 1.6 million users. A separate $3 million settlement in Canada is anticipated in 2026. This case underscores the significant risks data breaches pose to liquidity and trust within the cryptocurrency markets.
LastPass Settles 2022 Data Breach Lawsuit for Up to $24.45 Million
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2025-12-25 21:02
LastPass Settles 2022 Data Breach Lawsuit for Up to $24.45 Million
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