Hacking News
Ledger Investigates Device Implant After Funds Lost
Ledger, a hardware wallet manufacturer, has initiated an investigation after users reported losing funds from devices purchased from a Malaysia-based reseller. The company confirmed that one of the affected users' devices contained an unauthorized hardware implant. Ledger has advised customers who bought from CryptoBilis, a Kuala Lumpur-based vendor, not to set up their devices. The incident highlights the importance of purchasing from authorized resellers and underscores the need for continuous security reviews and anti-tamper processes. The exact amount of funds lost is not confirmed, but blockchain investigator Specter estimated that $86 million had been drained from devices. Ledger has also ceased sales from CryptoBilis, warning users to avoid unauthorized resellers to prevent the risk of purchasing counterfeit or modified devices.