Hacking News
Ledger Hardware Wallet Implant and Tether Freeze
Ledger, a popular hardware wallet manufacturer, has confirmed an unauthorized implant in at least one of its CryptoBilis-sold devices. This implant has resulted in onchain loss estimates totaling $94.5 million. In response, Tether has frozen $10 million. The incident highlights a significant security breach affecting both Ledger's customers and Tether's ecosystem, raising concerns about the safety of cryptocurrency hardware wallets and the reliability of Tether's reserves.