Ledger confirms hidden chip in crypto wallet amid $92M theft claims

What happened: Ledger confirmed an unauthorized hardware implant inside one customer's crypto wallet during its October 10 investigation into reported thefts tied to Southeast Asian reseller CryptoBilis. CryptoBilis suspended all hardware wallet sales. Key numbers: Bitquery estimated $92.9 million in losses across 311 wallets, unconfirmed by Ledger. Why it matters: The finding confirms physical tampering in at least one device after earlier warnings about wallets from the reseller. Ledger has not established whether the implant caused the losses and says its own systems were not compromised.

Ledger confirmed an unauthorized hardware implant inside one customer's crypto wallet during its October 10 investigation into reported thefts tied to Southeast Asian reseller CryptoBilis. CryptoBilis suspended all hardware wallet sales.

The finding confirms physical tampering in at least one device after earlier warnings about wallets from the reseller. Ledger has not established whether the implant caused the losses and says its own systems were not compromised.