Hackers planted chips in hardware wallets and stole over $100 million
Yes, hardware wallets can be fitted with extra chips designed to steal your private keys
A Malaysian reseller called CryptoBilis spent years selling them under the banner of being an officially authorized Ledger retailer
Before the devices were shipped, someone opened them up and added a tiny chip to the motherboard. It would send out your 24-word recovery phrase exactly as entered
The problem is, these devices can still pass Ledger’s own authenticity checks, so there’s no way to spot anything unusual
Karpelès of Mt. Gox also posted that he found a chip after opening up a device he’d bought from a Malaysian seller
On-chain estimates put the losses at between $86 million and $93 million, with Bitquery identifying 311 affected wallets
There are only two people I trust now: Satoshi Nakamoto and Steve Jobs
Actually, the best hardware wallet is an iPhone. Download a wallet app, store your coins on your iPhone, and then use it offline
$BTC
$ETH
Yes, hardware wallets can be fitted with extra chips designed to steal your private keys
A Malaysian reseller called CryptoBilis spent years selling them under the banner of being an officially authorized Ledger retailer
Before the devices were shipped, someone opened them up and added a tiny chip to the motherboard. It would send out your 24-word recovery phrase exactly as entered
The problem is, these devices can still pass Ledger’s own authenticity checks, so there’s no way to spot anything unusual
Karpelès of Mt. Gox also posted that he found a chip after opening up a device he’d bought from a Malaysian seller
On-chain estimates put the losses at between $86 million and $93 million, with Bitquery identifying 311 affected wallets
There are only two people I trust now: Satoshi Nakamoto and Steve Jobs
Actually, the best hardware wallet is an iPhone. Download a wallet app, store your coins on your iPhone, and then use it offline
$BTC
$ETH