The latest breach led to the loss of crypto assets as illicit activity continues to grab the news headlines.

Illicit activity has been on the rise since the start of the year, leading to the theft of Bitcoin BTC and other digital assets. Phishing and ransomware attacks have drawn plenty of attention.

With increased regulatory scrutiny and sanctions on Russia, scrutiny has intensified as crypto firms fail to curb the upward trend in cybercriminal attacks.

Hacks are not just limited to the crypto market but have extended to NFT marketplaces and even the Metaverse.

On Friday, crypto investors reportedly filed a class-action complaint against TaskUs, Shopify, and Ledger, a crypto hard wallet maker.

“The complaint seeks damages for the failure to exercise reasonable care in securing and safeguarding consumer information in connection with a massive data breach impacting Ledger SAS cryptocurrency hardware wallets.”

According to the complaint, the breach led to the release of about , pieces of personal data from Ledger and more than million subscriber newsletters.

Shopify and TaskUs were reportedly aware of the data breach for more than a week before alerting customers to the latest hack.

Ledger sells Ledger wallets via its e-commerce website on Shopify. As a result of the data breach, cybercriminals targeted individuals with phishing attacks. The attacks led to the irreversible transfers of cryptocurrencies to cybercriminal accounts in the United States and overseas.

Phishing attacks have been on the rise. There have been two major attacks in the last seven days alone.

ApeCoin’s value sank last week following a BAYC confirmation of a discord phishing attack that led to the theft of a Mutant Ape Yacht Club MAYC NFT.

Over the weekend, crypto hardware wallet firm Trezor issued a warning about a newsletter phishing attack targeting its users.

For Shopify and Ledger, the lawsuit returned the focus to a second data breach in . Just weeks after the breach, Shopify leaked the personal data of another , Ledger customers.

With illicit activity rising, governments and regulators may look to force platforms to tighten their ships or face harsh penalties.