Ledger confirms unauthorized hardware implant; losses may exceed $86M
Ledger said unauthorized hardware implants affected user devices, and distributor CryptoBilis paused sales of the affected inventory. Ledger also said the incident appeared to be confined to one reseller and its Southeast Asian market, while later coverage described a hidden LTE chip that read 24-word recovery phrases during setup without changing the Secure Element or software.
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People using Ledger devices and the reseller channel are the most immediate group affected today, because the affected inventory was taken off sale and the issue was described as touching user devices. Customers in the Southeast Asian market also have a specific reason to notice this now, since the incident was described as isolated there and to one reseller.
What remains open is the full scope of the affected inventory and the final size of the losses, which were described as possibly exceeding $86 million. It is not known from these items whether the incident stayed limited to the reseller and region already named, and the details that would settle that are a complete inventory review and a broader device-by-device accounting. (per cointelegraph.com)
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Where this sits in the Bitcoin series
| When | What happened | Figure |
|---|---|---|
| 1.0 years ago | BTC a 1.152e+05 $ high | today it sits -29.3 % from there |
| 4 months ago | BTC a 5.857e+04 $ low | today it sits +39.1 % from there |
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