Bitcoin Magazine Ledger Says Organized Crime Group Spent Millions Targeting Hardware Wallet Users
Ledger has issued a statement following reports from customers of loss of funds and tampered devices, calling it one the most “sophisticated attacks” the digital asset industry has experienced.
The hardware manufacturer said Thursday that a “highly organized criminal group” bought Ledger devices and installed implants that could read users’ seedphrases before then putting them back into the supply chain via resellers.
Paris-based Ledger last week said it had started an investigation after customers in South East Asia reported they’d lost funds after buying from Malaysia-based reseller, CryptoBilis.
The company then said it confirmed that one of the impacted users’ devices contained an unauthorized hardware implant.
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