Imagine buying the dip in June at 65k and picking up 80 BTC
You’re sitting on $1.38M in unrealized gains, so you decide to move it all into a Ledger cold wallet
A week later, you’re wiped out to zero 🫡
It wasn’t a leaked private key or a contract you signed by mistake
The Ledger was bought from Southeast Asian reseller CryptoBillis, and an LTE eSIM had been soldered under the screen’s cushioning pad
It transmitted the recovery phrase in real time as it was displayed, and the attacker struck at just the right moment
MistTrack has traced nearly $90M in losses so far. Mark Karpelès, former CEO of Mt. Gox, personally took one apart to verify this attack method
The core premise of a hardware wallet is “physical isolation”
One SIM card with an internet connection completely shatters that premise
Anyone knowledgeable care to explain how to guard against supply-chain attacks like this, other than buying directly from the official website? 🙏
Honestly, might as well just buy the dip on an exchange: $BTC
You’re sitting on $1.38M in unrealized gains, so you decide to move it all into a Ledger cold wallet
A week later, you’re wiped out to zero 🫡
It wasn’t a leaked private key or a contract you signed by mistake
The Ledger was bought from Southeast Asian reseller CryptoBillis, and an LTE eSIM had been soldered under the screen’s cushioning pad
It transmitted the recovery phrase in real time as it was displayed, and the attacker struck at just the right moment
MistTrack has traced nearly $90M in losses so far. Mark Karpelès, former CEO of Mt. Gox, personally took one apart to verify this attack method
The core premise of a hardware wallet is “physical isolation”
One SIM card with an internet connection completely shatters that premise
Anyone knowledgeable care to explain how to guard against supply-chain attacks like this, other than buying directly from the official website? 🙏
Honestly, might as well just buy the dip on an exchange: $BTC