Multiple Ledger cryptocurrency wallet users have reported unauthorized account drains in connection with hardware devices distributed by CryptoBillis. Ledger has directed the reseller to halt all wallet sales while launching an investigation into the matter.
Analysis of images and videos shared on social media platforms suggests the compromised devices contain small circuit boards positioned beneath the screen. According to descriptions of the alleged tampering, the implant is designed to capture information displayed on the device’s screen during user operations, specifically targeting seed passphrases entered during initial wallet configuration. The device reportedly uses an embedded SIM card to transmit intercepted data to unauthorized parties, enabling attackers to access and transfer funds from affected accounts.
Estimates indicate that perpetrators have obtained approximately $86 million in cryptocurrency across hundreds of compromised wallets. Ledger has stated that one examined device confirmed the presence of an unauthorized hardware implant. The company has clarified that its own systems remain secure and that wallets purchased directly from Ledger have not been implicated in the incidents. The supply chain compromise appears concentrated among users in Southeast Asia and transactions through the CryptoBillis distribution channel. Ledger has released instructions for users to verify whether their devices have been subject to tampering.
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