A chilling true story from crypto: even hardware wallets can be compromised 💥
A user bought 80 bitcoins at $65,000, with unrealized gains of $1.38 million.
Seeking absolute security, they purchased a Ledger hardware wallet. Just one week after depositing their assets, everything was stolen.
The hacker’s operation was devastatingly sophisticated:
They acquired an officially authorized distributor in Southeast Asia, opened brand-new devices, and implanted rice-grain-sized 4G chips.
When you copy down your recovery phrase from the wallet screen, it is secretly sent to the hackers at the same time.
They thought a hardware wallet was a safe, but never imagined it had been tampered with right from the factory.
Physical supply-chain attacks are far harder to guard against than on-chain vulnerabilities.
A user bought 80 bitcoins at $65,000, with unrealized gains of $1.38 million.
Seeking absolute security, they purchased a Ledger hardware wallet. Just one week after depositing their assets, everything was stolen.
The hacker’s operation was devastatingly sophisticated:
They acquired an officially authorized distributor in Southeast Asia, opened brand-new devices, and implanted rice-grain-sized 4G chips.
When you copy down your recovery phrase from the wallet screen, it is secretly sent to the hackers at the same time.
They thought a hardware wallet was a safe, but never imagined it had been tampered with right from the factory.
Physical supply-chain attacks are far harder to guard against than on-chain vulnerabilities.
