Ledger Hardware Wallets Compromised by Hidden Implant, $102 Million Stolen

Ledger confirmed that an unauthorized chip was implanted in some of its hardware wallets sold through CryptoBilis in Southeast Asia. The implant captured the 24‑word recovery phrase during setup and transmitted it via LTE, allowing attackers to access the wallets. Bitquery estimates $102 million was stolen from 324 wallets across six networks, though Ledger has not confirmed the full loss. The incident highlights a supply‑chain vulnerability that bypasses the devices’ core security features.