Ledger wallet tampering suspected after reports of crypto thefts

AI Summary

Ledger is investigating reports that users’ crypto wallets were drained after suspected hardware tampering involving wallets sold by reseller CryptoBillis. Images and videos reportedly show an implanted circuit board that could capture wallet setup seed phrases and transmit them to attackers, prompting Ledger to ask the reseller to halt sales during the investigation.

Reports have been mounting that users of the Ledger crypto wallet have seen their accounts drained, and suspicion is that it's related to reseller CryptoBillis and a bit of spy hardware. Ledger has asked CryptoBillis to pause all sales of its wallets while it conducts an investigation. Photos and videos posted on X and Threads appear to show a small circuit board sandwiched under the screen. The implant allegedly intercepts anything displayed on the screen, including the seed passphrase shown during the initial setup. Using an embedded SIM card, the implant then sends that information back to the attacker, who can then siphon funds from use … Read the full story at The Verge.