On October 11, Cointelegraph reported that hardware wallet manufacturer Ledger confirmed the presence of unauthorized hardware implants in the devices of an affected user. The incident involves losses related to devices purchased from its Southeast Asian distributor, CryptoBilis. Investigator Specter estimates that the losses may exceed $86 million, involving Bitcoin, Ethereum, and Tron. Ledger stated that it is in contact with the affected users; CryptoBilis has confirmed the suspension of all hardware wallet inventory sales until the investigation is complete. Ledger claims that the incident appears to be limited to this single distributor and its market, and that its own infrastructure, systems, and services have not been compromised. The company has not yet confirmed the number of affected customers or the total amount of losses. Ledger advises users who have not initialized their devices to refrain from doing so, while those who have already initialized their devices may consider transferring their assets to a new signer using a new mnemonic.
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Ledger Confirms Unauthorized Hardware Implant in Devices, Losses May Exceed $86 Million
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ETH Trading Volume on Hyperliquid Exceeds BTC, Reaching Approximately $1.1 Billion in 24 Hours
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