🚨 Ledger Confirms Hardware Implants Used to Steal $102M
Ledger has confirmed that genuine hardware wallets were physically tampered with by attackers to steal user funds. The breach targeted devices sold through CryptoBilis, an authorized reseller operating in Malaysia, Indonesia, and the Philippines.
Attackers opened genuine devices and installed a hidden controller and an LTE chip with an embedded SIM card. This unauthorized hardware intercepted the 24 recovery words as they appeared on the screen during the initial setup and transmitted them directly to the hackers.
Blockchain analytics firm Bitquery estimates that $102 million has been stolen from 324 wallets across six networks. Because the original secure chip remained intact, Ledger’s "Genuine Check" software was unable to detect the physical modification inside the casing.
#Ledger #CryptoSecurity #HardwareWallet #CyberAttack
Ledger has confirmed that genuine hardware wallets were physically tampered with by attackers to steal user funds. The breach targeted devices sold through CryptoBilis, an authorized reseller operating in Malaysia, Indonesia, and the Philippines.
Attackers opened genuine devices and installed a hidden controller and an LTE chip with an embedded SIM card. This unauthorized hardware intercepted the 24 recovery words as they appeared on the screen during the initial setup and transmitted them directly to the hackers.
Blockchain analytics firm Bitquery estimates that $102 million has been stolen from 324 wallets across six networks. Because the original secure chip remained intact, Ledger’s "Genuine Check" software was unable to detect the physical modification inside the casing.
#Ledger #CryptoSecurity #HardwareWallet #CyberAttack