Security· ★★★★· bearish·

Ex-Mt. Gox chief finds spy chip inside sealed Ledger wallet

  • —Karpeles said the packaging was intact but the device contained a board with a SIM chip and antenna
  • —The implant transmits the 24-word seed phrase remotely, with no further access to the wallet needed
  • —Ledger's authenticity check verifies the security chip but misses modifications around it
  • —On-chain analysts put CryptoBilis-related losses at $92.9 million across 311 wallets
Why it matters: It undermines the core promise of hardware wallets: buying from a third-party reseller may mean trusting a stranger with the device that guards your funds.
Source: BeInCrypto AR
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