Ledger says ‘spy’ chip inside CryptoBilis Ledger devices transmitted wallet keys over mobile network
The hardware-wallet maker gave its first public account of how a covert component in devices sold by CryptoBilis could steal users’ master keys without changing Ledger’s software.
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Summary
- Ledger said a covert implant in some hardware wallets sold by CryptoBilis captured users’ recovery phrases from device screens and transmitted them to attackers over an LTE mobile network.
- Ledger described the thefts as a physical supply-chain attack that did not compromise its software, internal systems, secure element or transaction-signing process.
- Onchain researchers estimated that more than 300 wallets lost up to $93.2 million.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
