Hacking News
Ledger Devices Linked to $86M+ Crypto Losses
Ledger, a hardware wallet maker, has confirmed that one of its affected users' devices contained an unauthorized hardware implant. The incident, which appears to be isolated to a single reseller and its Southeast Asian market, has led to estimated losses of over $86 million across Bitcoin, Ethereum, and Tron. The reseller, CryptoBilis, has ceased sales of all hardware wallet inventory until the investigation is concluded. Ledger recommends users who purchased from this reseller to not initiate set-up if they have not yet done so, and to consider moving assets to a new Ledger signer if they have set up their device. The company remains in active communication with CryptoBilis on next steps. This incident underscores the importance of security measures for hardware wallets and highlights the ongoing threat of cyberattacks in the crypto space.