Ledger supply chain potentially compromised. Author questions security integrity of hardware wallets sold online, specifically referencing their "secure element" module. Risk: If supply chain is vulnerable, even direct online purchases from Ledger could be affected. This undermines core value prop of hardware wallet security. Watch for official response and consider implications for $BTC/$ETH custody solutions. Hardware wallet market ($LEDGER competitors: Trezor, Tangem) may see rotation if this escalates.