Ledger Hardware Wallets Compromised by Unauthorized Chip, $102M Stolen
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Ledger has confirmed that an unauthorized chip was embedded in its hardware wallets, allowing attackers to capture the 24‑word recovery phrase during device setup and transmit it via LTE. 324 wallets were compromised, resulting in the theft of approximately $102 million in cryptocurrency. The company has halted sales in Southeast Asia and is tightening return inspections. Affected users are advised to transfer their assets to new devices and keep evidence of the breach. Ledger’s announcement follows earlier reports that the chip was installed post‑manufacturing, raising concerns about supply‑chain security.
Written with AI from the reporting · updated 10/17/2026
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New at this step ·Ledger Hardware Wallets Compromised by Hidden Implant, $102 Million Stolen
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- CryptoSlate · Third-partyLedger Hardware Wallets Compromised by Hidden Implant, $102 Million StolenOriginal source ↗
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1 developments10/18/2026, 3:14:21 AM
Ledger Hardware Wallets Compromised by Hidden Implant, $102 Million StolenCryptoSlate
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- 1Oct 10, 00:00recorded Oct 18, 03:14single sourcerevised
Ledger confirms unauthorized implant in crypto wallet
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- CryptoSlate · Oct 18, 03:00Ledger 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.
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- CryptoSlateSelectedLedger 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.