Evidence surfacing on X and Threads reveals a malicious circuit board concealed beneath the device screen. This hidden hardware captures the seed passphrase during the initial setup process, broadcasting the sensitive data via an embedded SIM card to attackers. The breach has resulted in the loss of over $86 million in cryptocurrency from hundreds of affected users.
Ledger Investigates $86 Million Theft Linked to Tampered Wallets
A surge of account liquidations across Southeast Asia has exposed a sophisticated supply chain attack, where hardware implants are siphoning seed phrases from Ledger wallets. Investigators suspect the breach is confined to units sold by the reseller CryptoBillis, which has been ordered to halt all operations while forensic analysis continues.
Ledger maintains that its internal systems remain secure and that wallets purchased directly through official company channels are not at risk. The company has instructed the reseller CryptoBillis to cease all sales and shipments immediately. Users who acquired devices from this specific vendor are urged to consult official support guidance to inspect their hardware for unauthorized modifications.
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