Hacking News
Ledger Devices Linked to $93.2M Crypto Theft
Ledger devices, sold by the reseller CryptoBilis, were reportedly used in a cryptocurrency theft involving up to $93.2 million. Tether has frozen $10 million in USDT tied to the theft. Blockchain analysis firms traced $93.2 million from 315 wallets across six blockchains. The incident highlights the vulnerability of Ledger devices, which were found to have an unauthorized hardware implant. Ledger confirmed the theft is ongoing and did not immediately respond to requests for confirmation of the amount stolen or a reimbursement plan. The Tether freeze is significant because stablecoin issuers can block tokens linked to crime, unlike bitcoin or ether. The theft is distinct from a previous phishing campaign involving a fake Ledger Live app, which drained at least $9.5 million from users' wallets.