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Ledger confirms spy chip implant behind crypto wallet thefts
Original: Ledger confirms spy chip implant behind wallet crypto thefts
Hardware wallet maker Ledger has confirmed that a spy chip implant was responsible for cryptocurrency thefts from its wallets, according to security outlet BleepingComputer. The company says malicious implants were secretly installed on devices, allowing attackers to siphon users' recovery phrases and drain funds. The disclosure is raising fresh concerns about supply chain security for hardware wallets and whether buyers can trust devices sourced outside official channels.
Why now: A major hardware wallet maker confirming deliberate tampering that led to user fund losses is alarming news for crypto holders.
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