Hardware cryptocurrency wallets, particularly Ledger models, have been found to contain secret chips that steal users' recovery phrases, leading to an estimated $93 million in stolen funds. These compromised devices appear to originate from specific resellers in Southeast Asia and Europe, with investigations pointing to implanted eSIM and LTE modules capable of exfiltrating sensitive data during initial setup. While Ledger's directly sold hardware is believed to be safe, the company advises users who purchased from affected resellers to avoid setup or move their assets to a new wallet. AI
RANK_REASON The article details a security vulnerability in hardware wallets, specifically Ledger models, where secret chips are implanted by resellers to steal crypto recovery phrases, resulting in substantial financial losses for users.
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