Scammer Loses $4.8M from Tampered Ledgers in Asia Supply Chain Attack

A scammer lost 60 Bitcoin, valued at about $4.8 million, from three newly purchased Ledgers containing spyware that records seed phrases, according to Chainalysis. This incident is part of a larger supply chain attack where thieves stole over $103.4 million from 530 addresses via tampered Ledgers in South East Asia, forcing Ledger to suspend its reseller network in countries including Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia, and Hong Kong. Ledger has since launched the Atom device, claiming it includes protections to block the implants used in the Asian thefts and can detect tampering even when switched off. Separately, South Korean authorities approved measures to block domestic access to 27 unregistered crypto exchanges and virtual asset service providers, including KuCoin, MEXC, Phemex, and Bitrue.