Ledger confirms hardware wallet spy implant behind crypto thefts
- On October 9, criminals drained over 60 Bitcoin worth about $4.8 million from a crypto scammer's three Ledger wallets, according to blockchain analytics firm Chainalysis.
- Paris-Based hardware maker Ledger revealed on October 13 that devices sold through Southeast Asian reseller CryptoBilis contained hidden hardware implants capturing 24-word recovery phrases via embedded eSIM.
- Investigator Specter estimates losses exceed $86 million, and Santiment suggests $90 million, though Ledger has not confirmed these figures; the scammer obtained funds via a "task scam."
- Ledger advised users with CryptoBilis devices to "transfer your assets promptly to a new signer with a new recovery phrase," while the reseller paused all sales and shipments.
- Bitcoin is trading at $81,544 with little market reaction to the hack, as Ledger investigates reports of implants beyond CryptoBilis and urges owners to verify device origins.
171 Articles
171 Articles
The Crypto devices built to foil hackers came with spies inside
In Malaysia, CryptoBilis faces an investigation after numerous customers experienced thefts from hardware wallets. Reports from Ledger SAS link these crimes to a group of criminals who modified the wallets. Victims' losses total over $90 million, raising red flags among cybersecurity experts who emphasize the vulnerabilities present in cold wallets meant for cryptocurrency storage. These events stress the critical need for improved safety mechan…
Over 300 wallets violated; investigation points as suspicious to one of the dealers authorized to sell their products in Malaysia, Indonesia and the Philippines
Ledger unveils $849 device built to protect your phone
Your phone can hold your money, private messages, passwords and AI assistants that act on your behalf. That is convenient until something gets access that shouldn’t. Ledger’s answer is Ledger Atom, a security device designed to protect sensitive digital activity while still running everyday apps. Announced in Paris on October 15, the device combines Android’s […] Read the original article here: Ledger unveils $849 device built to protect your ph…
In the age of AI agentique, the French digital asset security champion launches Atom, a device that allows Android applications to be used while securing critical operations.
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