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Ledger reviews security after $93M crypto theft from tampered hardware wallets

By PulseAugur Editorial · [1 sources] ·

Ledger is reassessing its sales and anti-tamper policies following a significant supply chain attack that resulted in approximately $93 million in cryptocurrency theft. The incident involved rogue LTE chips implanted in hardware wallets, which intercepted users' recovery phrases during initial setup and transmitted them to attackers. Ledger's internal systems and direct sales channels remain unaffected, but the company is enhancing its vendor verification and supply chain controls, and advising customers who purchased from third-party resellers to move their funds to new wallets. AI

RANK_REASON A major hardware wallet provider experienced a significant supply chain attack resulting in substantial financial loss, prompting a review of its security and sales policies. [lever_c_demoted from significant: ic=1 ai=0.1]

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Ledger reviews security after $93M crypto theft from tampered hardware wallets

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A major hardware wallet provider experienced a significant supply chain attack resulting in substantial financial loss, prompting a review of its security and sales policies. [lever_c_demoted from …
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COVERAGE [1]

  1. Tom's Hardware TIER_1 English(EN) · Etiido Uko ·

    Ledger to review sales and anti-tamper policies after $93 million hardware-wallet supply chain attack

    Ledger is reviewing chain-of-custody practices and anti-tamper protections after modified hardware wallets sold through a third party were allegedly fitted with LTE implants that captured recovery phrases and enabled $93 million in crypto theft.

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