Ledger Hardware Wallets Compromised by Spy Implants
- Investigators found hardware implants in Ledger wallets capturing customers’ recovery phrases and transmitting them via cellular networks.
- Estimated losses have increased from $86 million to $93 million, but these figures are not fully verified.
- Confirmed incidents involve devices sold through Southeast Asian reseller Cryptobilis.
- European retailer Mediamarkt Saturn halted Ledger sales following tampering reports in Germany.
- Trezor is tightening its reseller network due to growing supply chain security concerns.
Ledger has been dealing with significant security issues after discovering that attackers installed spying devices within their wallets, compromising user safety and leading to substantial financial losses.
The investigation primarily targets wallets sold by Cryptobilis, with unverified loss estimates reaching $93 million. The situation has led to a pause in sales by Mediamarkt and heightened scrutiny from competitors like Trezor regarding their supply chains. (Source)
