BitGo Research: Fake Ledger Losses Hit $102M, Multi-Sig Limits Exposure
- —Losses from the Ledger supply-chain incident reached $102 million across 324 wallets
- —TRON accounted for $79.3 million, Bitcoin $16.8 million and Ethereum $3.7 million
- —An implant in devices sold by CryptoBilis captured seed phrases and relayed them via cellular network
- —A 2-of-3 multi-sig with keys from different vendors would have blocked single-key theft
Why it matters: The incident underscores self-custody risks of relying on one device and pushes holders toward multi-sig and vendor diversification.
Source: The Crypto Times