📰 We just said Ledger’s losses could exceed $86M, and now more details have emerged: Who’s behind it?

Ledger has officially admitted that someone hacked its hardware devices, causing cryptocurrency in customers’ wallets to be stolen. It seems this only happened through a certain distributor in Southeast Asia, but losses this large (possibly exceeding $8.6 billion) are enough to make the whole industry nervous. Does this affect you? If you use a Ledger hardware wallet, congratulations—you’re safe for now. But if you’ve bought Ledger products, especially through a Southeast Asian distributor, you’d better check them immediately. This incident has raised concerns in the market about the security of hardware wallets.

Ledger’s statement is a reminder that hardware wallets aren’t absolutely secure either. In the past, stealing from wallets meant either brute-forcing them or phishing for passwords. Now someone can apparently hack Ledger’s chips directly. What does this mean? It means cryptocurrency security has moved from a battle of cryptography to a hardware arms race. Why are miners giving up? Behind the drop in computing power, AI is competing for electricity

⚠️ Not investment advice

#LedgerPatchesXRPCreationBug