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Ledger confirms hardware wallet spy implant behind crypto thefts
Researchers say the implant can read 24-word recovery phrases during setup and transmit them over cellular data, raising concerns about wallet-draining thefts.
- Ledger unveiled the Atom, an Android-based security device, as the company works to address supply-chain breaches that forced recent sales pauses across key markets.
- Following a supply-chain breach involving Malaysian distributor CryptoBilis, the company halted sales across Southeast Asia after resellers sold devices with "an unauthorized hardware implant" designed to intercept users' 24-word recovery phrases.
- To counter such attacks, the Atom incorporates a protective enclosure surrounding the Secure Element and MCU, specifically designed to block the screen reader implants used in the recent incident.
- Researchers documented losses reaching up to $93.2 million across more than 300 compromised wallets, prompting Tether to freeze $10 million in its USDT stablecoin tied to the theft.
- Scheduled for mid-2027 release, the device runs on both Android OS and Ledger OS, allowing users to switch between everyday smartphone functions and a secure environment for crypto transactions.
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146 Articles
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For a long time, a storage method for cryptovalues was considered quite safe: hardware wallets. Now an elaborate attack is causing a stir, more than 100 million dollars are missing. The shock waves range up to Saturn and MediaMarkt.
·Hamburg, Germany
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Manipulated Ledger Wallets are said to have allowed cryptocurrencies to be stolen. A suspected case in Germany has consequences for trade.
·Berlin, Germany
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Coverage Details
Total News Sources146
Leaning Left4Leaning Right5Center14Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 17%
C 61%
R 22%
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