Ledger says hardware implant in cryptocurrency wallets stole recovery phrases

Ledger cryptocurrency wallets sold through a Southeast Asian reseller had an implant allowing outsiders to drain funds, the company said.

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Cryptocurrency wallet maker Ledger said Tuesday that devices sold through Southeast Asian reseller CryptoBilis contained hidden hardware implants that captured users’ recovery phrases, allowing attackers to steal their funds.

In a series of social media posts , the Paris-based company said its security research team found the affected devices contained implants that read data displayed on the screens.