Supply-chain attack on Ledger devices in Southeast Asia nets hackers about $93 million
- —About $93 million stolen from 311 wallets on Bitcoin, Ethereum, Tron, BNB Chain and Polygon
- —Tampering occurred at CryptoBilis warehouses in Indonesia, Malaysia and the Philippines
- —A spy module with a microcontroller, antenna and eSIM captured the seed phrase from the screen on first setup
- —Ledger's standard Genuine Check cannot detect foreign components soldered onto the board
Why it matters: The compromise of an official supply chain undermines trust in self-custody and could push investors toward bitcoin ETFs.
Source: The Cryptonomist (IT)