Ledger explains how a cold wallet was attacked
🔥According to the initial investigation, a chip implanted inside the device may have read the 24-word recovery phrase displayed on the screen during setup, then transmitted the data over an LTE network using an eSIM. Notably, the chip operated independently and did not interfere with Ledger’s Secure Element or operating system.💀
Ledger has not yet confirmed the total number of affected users or the value of the losses. Third-party estimates put the figure at around $80M to $100M.
Anyone holding assets worth trillions must be losing sleep 😭 $BTC
🔥According to the initial investigation, a chip implanted inside the device may have read the 24-word recovery phrase displayed on the screen during setup, then transmitted the data over an LTE network using an eSIM. Notably, the chip operated independently and did not interfere with Ledger’s Secure Element or operating system.💀
Ledger has not yet confirmed the total number of affected users or the value of the losses. Third-party estimates put the figure at around $80M to $100M.
Anyone holding assets worth trillions must be losing sleep 😭 $BTC