๐จ $86M reportedly drained from hardware wallets: what every holder should know
Ledger says it is investigating reports of stolen funds tied to devices sold through a third-party reseller in Southeast Asia. The $86M figure comes from an on-chain investigator, and Ledger has not confirmed the amount or the cause.
What we know:
โ There is no confirmed evidence Ledgerโs own systems were compromised
โ Ledger asked the reseller to pause all sales and shipments
โ Anyone who bought from that seller in the last 90 days was told not to set the device up
โ Those who already did were told to move funds to a new device with a new seed phrase
How to protect yourself:
1๏ธโฃ Buy hardware wallets only from the manufacturer or a verified authorized seller
2๏ธโฃ A genuine device never comes with a recovery phrase already written down. Donโt use one if it does
3๏ธโฃ Generate your own seed phrase during setup, and never type it into a website or app
4๏ธโฃ Be wary of deals that look too cheap, and avoid marketplaces and second-hand units
The lesson: self-custody is only as safe as the supply chain behind your device. A security story like this fits this weekโs theme: protect yourself before problems start.
Do you buy direct from the manufacturer, or have you used a reseller? ๐
#CryptoSecurity #Ledger #Bitcoin #SelfCustody #Binance
Not financial advice. DYOR.
$BTC
Ledger says it is investigating reports of stolen funds tied to devices sold through a third-party reseller in Southeast Asia. The $86M figure comes from an on-chain investigator, and Ledger has not confirmed the amount or the cause.
What we know:
โ There is no confirmed evidence Ledgerโs own systems were compromised
โ Ledger asked the reseller to pause all sales and shipments
โ Anyone who bought from that seller in the last 90 days was told not to set the device up
โ Those who already did were told to move funds to a new device with a new seed phrase
How to protect yourself:
1๏ธโฃ Buy hardware wallets only from the manufacturer or a verified authorized seller
2๏ธโฃ A genuine device never comes with a recovery phrase already written down. Donโt use one if it does
3๏ธโฃ Generate your own seed phrase during setup, and never type it into a website or app
4๏ธโฃ Be wary of deals that look too cheap, and avoid marketplaces and second-hand units
The lesson: self-custody is only as safe as the supply chain behind your device. A security story like this fits this weekโs theme: protect yourself before problems start.
Do you buy direct from the manufacturer, or have you used a reseller? ๐
#CryptoSecurity #Ledger #Bitcoin #SelfCustody #Binance
Not financial advice. DYOR.
$BTC