Ledger Hardware Wallets Hit by $86M Crypto Losses
Key Summary
Hardware wallet maker Ledger has confirmed an unauthorized hardware implant on one of its devices purchased from Southeast Asian reseller CryptoBilis, which may have led to losses exceeding $86 million. Ledger is investigating the incident and has asked users to reach out to its bounty program for information. The company has also recommended users to move their assets to a new Ledger signer as a precaution.
Incident OverviewLedger, the hardware wallet maker, has confirmed that one of its devices contained an unauthorized hardware implant. This incident has led to losses exceeding $86 million across Bitcoin, Ethereum, and Tron.\\ \n\n
Investigation and ResponseLedger is investigating the incident and has asked users to reach out to its bounty program for information. The company has also recommended users to move their assets to a new Ledger signer as a precaution.\ \n\n
Affected ResellerCryptoBilis, the Southeast Asian reseller where the affected device was purchased, has confirmed that it has ceased sales of all hardware wallet inventory until the investigation is concluded.\ \n\n
Recommendations for Affected UsersLedger recommends users who purchased a device from CryptoBilis to not initiate setup if they have not yet done so. If they have set up their device, they should consider moving assets to a new Ledger signer with a new seed.\ \n\n
Ongoing InvestigationLedger has stated that its infrastructure, systems, and services were not compromised. The company's investigation remains ongoing, and users are advised to contact Ledger customer support for assistance or questions.