The estimated on-chain losses from this batch of modified Ledgers in Southeast Asia have already exceeded $86 million.
#Ledger asks resellers in Southeast Asia and Hong Kong to suspend sales
Honestly, reading this gave me the creeps. The chip and system weren’t compromised—the problem happened before you even got it: someone took apart a genuine device, slipped in a tiny component, and used it to secretly record your 24-word recovery phrase while you were setting up your wallet.
Resellers in all seven affected locations, including Singapore and Hong Kong, have now pulled the devices from sale. Even a store at Changi Airport sold one that had been modified.
My rule is simple: I only buy hardware wallets from the official website. I wouldn’t touch one from a third-party shop or an online marketplace, no matter how much cheaper it is.
If you bought yours from a reseller or online marketplace in one of these locations, and you’re not comfortable keeping it, replace it with a new one from the official website. Generate a new recovery phrase and transfer your coins over. It’s a hassle, but better than losing everything at once.
#Ledger asks resellers in Southeast Asia and Hong Kong to suspend sales
Honestly, reading this gave me the creeps. The chip and system weren’t compromised—the problem happened before you even got it: someone took apart a genuine device, slipped in a tiny component, and used it to secretly record your 24-word recovery phrase while you were setting up your wallet.
Resellers in all seven affected locations, including Singapore and Hong Kong, have now pulled the devices from sale. Even a store at Changi Airport sold one that had been modified.
My rule is simple: I only buy hardware wallets from the official website. I wouldn’t touch one from a third-party shop or an online marketplace, no matter how much cheaper it is.
If you bought yours from a reseller or online marketplace in one of these locations, and you’re not comfortable keeping it, replace it with a new one from the official website. Generate a new recovery phrase and transfer your coins over. It’s a hassle, but better than losing everything at once.