Ledger Supply Chain Attack Results in $103.4M Theft, Scammer Among Victims
- Over $103.4 million was stolen from more than 530 addresses due to tampered Ledgers inserted into the supply chain.
- A scammer lost approximately $4.8 million in Bitcoin, totaling 60 BTC, from compromised Ledgers containing spyware.
- Ledger has suspended sales across Southeast Asia and urged resellers to remove affected products from their inventory.
- The incident led to a broader crackdown, with Ledger’s competitor Trezor also shutting down some resellers due to security concerns.
- In response, Ledger launched a new device called Atom, designed to prevent similar attacks and priced at $849.
The recent attack highlights vulnerabilities within hardware wallets, prompting significant operational changes for companies like Ledger and Trezor. This incident underscores the ongoing challenges in securing crypto assets against sophisticated fraud schemes.
As a result of these developments, Ledger’s thefts have raised awareness about security in the crypto industry, with over $103 million lost and a scammer losing $4.8 million in the process.(Source)
