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Scammer gets scammed in Ledger spy-chip exploit, loses almost $5 million in bitcoin

Chainalysis says a fraudster who tricked people through fake online jobs became one of the biggest victims of the compromised hardware wallets.

Scammer gets scammed in Ledger spy-chip exploit, loses almost $5 million in bitcoin
CoinDesk
AI summary

A scammer who used fake online job offers to defraud victims lost nearly $5 million in bitcoin after falling victim to a compromised Ledger hardware wallet exploit, according to Chainalysis. The incident highlights ongoing security vulnerabilities in hardware wallets and the broader risk of crypto theft, but it involves a single bad actor rather than a systemic market event. Traders are unlikely to see a direct price impact from this isolated case.

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