Store-bought hardware crypto wallets had secret chips installed that enabled stealing crypto recovery phrases
Store-bought Ledger hardware crypto wallets in Southeast Asia and Europe compromised in ongoing supply chain attack — $71 million and counting thanks to implanted eSIM and LTE modules
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Cryptocurrency enthusiasts are often advised to acquire a hardware wallet like one of the Ledger models, theoretically adding the ultimate layer of security . And yet not even that approach is 100% safe, as a currently unfolding investigation revealed that Ledger resellers in Southeast Asia and Europe are carrying hacked wallets laden with eSIM and LTE modules for exfiltration of recovery phrases. At least $93 million (and going) has already reportedly been siphoned off users' balances. Hardware sold directly by Ledger is so far unaffected.
The first booby-trapped wallet originated from…
