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Ledger Faced Hardware Implant Warnings Months Before Security Crisis

Ledger received reports of suspected hardware tampering from at least two people in December 2025 and March 2026. Security researcher Joe Grand alerted the company on March 4, 2026, after finding an implant in a Nano X device purchased through Lazada Thailand. The company did not issue a broader customer warning, leading to questions about its response to potential customer risks. The latest concerns emerged on October 9, when customers reported losses involving devices sold through Southeast Asian reseller CryptoBilis. Ledger confirmed that one affected device contained an unauthorized hardware implant.

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