๐ Self-custody: be mindful of where your device comes from
On October 16, Galaxy Research published an analysis of tampered Ledger wallets linked to an investigation involving CryptoBilis.
The report describes a physical implant capable of capturing the recovery phrase during setup. Galaxy estimated that approximately US$91 million was stolen across the networks covered by the analysis.
โ ๏ธ The scope needs to be clear: this does not prove that all wallets made by the brand were affected.
The takeaway is that security also depends on distribution, setup, and protecting your recovery phrase.
Bought a device and suspect it may have been compromised? Consult the manufacturer's official guidance. Never share your recovery phrase with anyone claiming to be support.
Do you check where a hardware wallet comes from before buying it? ๐
Follow @gauchoinvesting for crypto news and alerts.
Source: Galaxy Research โ analysis published on October 16, 2026, regarding an incident that began earlier.
$BTC $USDT $BNB
#Ledger #SelfCustody #DigitalSecurity #Cryptocurrency
On October 16, Galaxy Research published an analysis of tampered Ledger wallets linked to an investigation involving CryptoBilis.
The report describes a physical implant capable of capturing the recovery phrase during setup. Galaxy estimated that approximately US$91 million was stolen across the networks covered by the analysis.
โ ๏ธ The scope needs to be clear: this does not prove that all wallets made by the brand were affected.
The takeaway is that security also depends on distribution, setup, and protecting your recovery phrase.
Bought a device and suspect it may have been compromised? Consult the manufacturer's official guidance. Never share your recovery phrase with anyone claiming to be support.
Do you check where a hardware wallet comes from before buying it? ๐
Follow @gauchoinvesting for crypto news and alerts.
Source: Galaxy Research โ analysis published on October 16, 2026, regarding an incident that began earlier.
$BTC $USDT $BNB
#Ledger #SelfCustody #DigitalSecurity #Cryptocurrency