Ledger Was Hacked — Who Do You Trust With Your Keys Now?
The Defiant Livestream | Wednesday, Oct. 14, 1:00pm ET Up to $93M drained from more than 300 wallets, and the software was never touched. Ledger confirmed a physical implant inside signers sold through reseller CryptoBilis, reading recovery phrases off the screen at setup and sending them out over
AI summary
Ledger confirmed that a physical implant was found inside hardware signers sold through reseller CryptoBilis, allowing recovery phrases to be read off the screen during setup and exfiltrated. Up to $93 million was drained from more than 300 wallets, and the compromise occurred without any software being touched. The incident undermines confidence in self-custody hardware and highlights supply-chain risk for traders who rely on cold storage.
