Ledger confirms discovery of an unauthorized material modification inside one of its hardware wallets
Ledger announced that it had discovered an unauthorized electronic component inside one of the affected wallet devices during its investigation into reports of lost digital assets linked to devices purchased from the distributor CryptoBilis in Southeast Asia.
According to the company, the incident appears to be limited to one distributor and a specific market, while the distributor has temporarily halted device sales until the investigation is complete.
Independent investigator Specter estimated the suspected losses at more than $86 million across the Bitcoin, Ethereum, and TRON networks, but Ledger did not confirm the loss amount or the final number of affected users.
Security significance: The case shows that protecting private keys does not rely on encryption alone, but also includes the integrity of devices and their supply chain.
The company advises affected buyers not to initialize new devices, and to use a secure device and a new recovery phrase when transferring assets if the device has already been initialized.
$BTC $ETH $TRX
Source: Cointelegraph, October 11, 2026.
#BlockchainNews #CyberSecurity #Ledger
Ledger announced that it had discovered an unauthorized electronic component inside one of the affected wallet devices during its investigation into reports of lost digital assets linked to devices purchased from the distributor CryptoBilis in Southeast Asia.
According to the company, the incident appears to be limited to one distributor and a specific market, while the distributor has temporarily halted device sales until the investigation is complete.
Independent investigator Specter estimated the suspected losses at more than $86 million across the Bitcoin, Ethereum, and TRON networks, but Ledger did not confirm the loss amount or the final number of affected users.
Security significance: The case shows that protecting private keys does not rely on encryption alone, but also includes the integrity of devices and their supply chain.
The company advises affected buyers not to initialize new devices, and to use a secure device and a new recovery phrase when transferring assets if the device has already been initialized.
$BTC $ETH $TRX
Source: Cointelegraph, October 11, 2026.
#BlockchainNews #CyberSecurity #Ledger