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Millions Stolen Via Tampered Ledger Devices
12 Oct
Summary
- Up to $93.2 million in crypto was stolen from Ledger devices.
- An unauthorized hardware implant was confirmed in affected devices.
- Tether has frozen $10 million in USDT linked to the theft.
A significant cryptocurrency theft, potentially totaling $93.2 million, has been linked to Ledger devices sold by the reseller CryptoBilis. Blockchain analytical firms estimate the losses, primarily in USDT and TRON tokens, affecting hundreds of wallets across multiple blockchains. Ledger confirmed an unauthorized hardware implant in at least one device, raising alarms about the security of its products.
Investigations into the exploit are actively underway, with Tether taking action by freezing $10 million in USDT tied to the illicit activity. Users with affected Ledger devices are strongly advised to transfer their crypto assets to a new device and generate a fresh recovery phrase to safeguard their funds. The full extent of the compromise and Ledger's response plan remain subjects of ongoing scrutiny.
