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Morning Edition · Thursday, October 22, 2026Published at 1:48 AM EDT · New York
Ledger Devices Sold Through Reseller CryptoBilis Carried an LTE Implant That Sent Recovery Phrases to Attackers
On-chain investigators estimate losses of $93 million to $102 million across more than 300 wallets. MediaMarktSaturn suspended Ledger sales in Europe after a buyer in Germany reported modified units.
Rekt News's post-mortem, titled "Factory Sealed," adds detail to a hardware supply-chain attack Ledger first confirmed on October 13. Devices sold by CryptoBilis, a Southeast Asian authorized reseller, contained a hidden microcontroller. It…
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Part of a tracked trend
Hardware-Wallet Trust Erodes
Recurring firmware and entropy defects in self-custody hardware, now surfaced faster by AI-assisted code analysis, will keep pushing risk-averse holders toward custodial and ETF products rather than personal key management.
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