Update
Ledger Addresses Device Security Vulnerability
Ledger, a cryptocurrency hardware wallet company, has explained how a recent theft occurred. The theft involved a hidden chip inside the device that read a 24-word recovery phrase off the screen during setup and sent it out over a mobile network. The implant never touched the security chip or altered any transactions, ensuring that affected devices passed Ledger’s own authenticity check. Over 300 wallets lost up to $93 million, and every confirmed case came through the same reseller. This update highlights Ledger’s commitment to security and their measures to prevent such incidents in the future.