$90 Million Stolen: Ledger Urgently Reviews Its Practices
According to Bloomberg, Ledger is reviewing its consumer sales policies and processes after some hardware wallets were shipped with spyware preinstalled, resulting in the theft of around $90 million in crypto assets. The CTO said protections against device tampering are also being evaluated. Don’t take apart your device yourself—send any suspicious device back to the company for inspection.
The last line of defense—a cold wallet—was compromised right at the factory. I haven’t touched my BTC or ETH spot holdings, but if you need to change your recovery phrase, do it ASAP.
For those of you still using Ledger, would you dare to store your coins on it now?
$BTC $ETH $SOL
According to Bloomberg, Ledger is reviewing its consumer sales policies and processes after some hardware wallets were shipped with spyware preinstalled, resulting in the theft of around $90 million in crypto assets. The CTO said protections against device tampering are also being evaluated. Don’t take apart your device yourself—send any suspicious device back to the company for inspection.
The last line of defense—a cold wallet—was compromised right at the factory. I haven’t touched my BTC or ETH spot holdings, but if you need to change your recovery phrase, do it ASAP.
For those of you still using Ledger, would you dare to store your coins on it now?
$BTC $ETH $SOL