Bitcoin News - Security • 2h
Ledger Hardware Wallet Supply Chain Compromise Results in $93.4M Crypto Drain
In mid‑2025, Ledger Nano X/S devices sold through authorized reseller CryptoBilis were found to contain a covert hardware implant—a soldered SMD chip or modified PCB component—that exfiltrated seed phrases and enabled unauthorized transaction signing when connected to a host. Blockchain forensics traced over $93.4 M in drained assets across hundreds of addresses, linking the thefts to a supply‑chain tampering campaign that extended from Southeast Asia to Europe. Ledger halted CryptoBilis sales, issued user warnings, and launched a forensic audit.