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21 Oct 2026 Security read ›

Hidden cellular implant in Ledger wallets: how reseller-sold hardware wallets drained roughly $93 million

Ledger confirmed that devices sold through Southeast Asian reseller CryptoBilis contained a hardware implant hidden behind the display, capturing 24-word recovery phrases during setup and transmitting wallet keys over a mobile network. According to Bitquery, unconfirmed by Ledger, suspected losses reach $93.2 million across 315 wallets on six chains; Tether has frozen roughly $10 million in USDT.