[LT-01] LastPass encrypted their users' data too — and $438M was stolen anyway.
[LT-01]
In December 2022, LastPass announced a breach. The official statement included reassuring language: user passwords were "encrypted." Vault data was "secured."
By 2025, over $438 million had been stolen from LastPass users — drained directly from their supposedly encrypted vaults.
How? LastPass held the keys.
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