$WLD ☹️ Ledger is trying to justify itself after a large-scale attack on hardware wallets.
For several months, a criminal group bought up genuine Ledger devices, opened them up, and installed hidden components to intercept seed phrases. The modified wallets were then returned to the market through resellers in Southeast Asia.
The attackers spent millions of dollars preparing the attack, built infrastructure to collect seed phrases, and stole users’ funds in a coordinated operation.
Ledger says there were no vulnerabilities in the devices themselves or the company’s systems. After the incident, sales in Southeast Asia and Hong Kong were suspended, and resellers were prohibited from displaying the devices in stores.
Now, wallets must be stored separately and handed over to customers only when they make a purchase.
$TAO #Ledger
For several months, a criminal group bought up genuine Ledger devices, opened them up, and installed hidden components to intercept seed phrases. The modified wallets were then returned to the market through resellers in Southeast Asia.
The attackers spent millions of dollars preparing the attack, built infrastructure to collect seed phrases, and stole users’ funds in a coordinated operation.
Ledger says there were no vulnerabilities in the devices themselves or the company’s systems. After the incident, sales in Southeast Asia and Hong Kong were suspended, and resellers were prohibited from displaying the devices in stores.
Now, wallets must be stored separately and handed over to customers only when they make a purchase.
$TAO #Ledger