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The Verge·3 min read·medium

Ledger wallet tampering suspected after reports of crypto thefts

T
Terrence O'Brien
Ledger wallet tampering suspected after reports of crypto thefts
✦AI Summary

Reports suggest that Ledger crypto wallets sold through a specific reseller, CryptoBillis, have been tampered with via malicious hardware implants. These implants intercept seed phrases, leading to the theft of over $86 million in cryptocurrency.

Why it matters

This highlights a major supply chain security vulnerability in the hardware wallet market, impacting user trust and financial security.

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Reports have been mounting that users of the Ledger crypto wallet have seen their accounts drained, and suspicion is that it’s related to reseller CryptoBillis and a bit of spy hardware. Ledger has asked CryptoBillis to pause all sales of its wallets while it conducts an investigation.

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Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen

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