Ledger finds hardware implant in wallets sold by reseller, $86M+ stolen
Hardware wallet maker Ledger has confirmed that devices sold by authorized reseller CryptoBilis contained an unauthorized hardware implant. The implant captures the 24-word recovery phrase displayed during initial setup and transmits it via an LTE connection. Blockchain investigator Specter estimates losses exceeding $86 million, primarily among buyers in Southeast Asia. Ledger has paused sales through several resellers and marketplaces in the region and advises affected users to transfer assets to a new device.
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