Ledger wallet tampering suspected after reports of crypto thefts
News Source
β’2026-10-10T12:36:44-04:00
π° What Happened
People who use Ledger crypto wallets report that their accounts have been drained. Ledger is a company that makes hardware wallets for cryptocurrency. Reports suggest the thefts are linked to tampered devices sold by a reseller called CryptoBillis.
Ledger has asked CryptoBillis to stop selling its wallets while it looks into the problem. One device was found to contain a hidden circuit board under the screen. Thieves have reportedly stolen more than $86 million from hundreds of wallets.
π The Backstory
A hardware wallet keeps your crypto keys offline, which is meant to be safer than storing them online. In this case, the tampered device secretly copied the password shown on the screen. It sent the information to the attacker using an embedded SIM card.
This is called a supply chain attack, because the problem happens before the buyer gets the device. Most cases were in Southeast Asia. Wallets bought directly from Ledger were not affected.
π― Why It Matters
Millions of people trust hardware wallets to keep their savings safe. This shows even physical devices can be hacked if they are tampered with before they reach you.
People who use Ledger crypto wallets report that their accounts have been drained. Ledger is a company that makes hardware wallets for cryptocurrency. Reports suggest the thefts are linked to tampered devices sold by a reseller called CryptoBillis.
Ledger has asked CryptoBillis to stop selling its wallets while it looks into the problem. One device was found to contain a hidden circuit board under the screen. Thieves have reportedly stolen more than $86 million from hundreds of wallets.
A hardware wallet keeps your crypto keys offline, which is meant to be safer than storing them online. In this case, the tampered device secretly copied the password shown on the screen. It sent the information to the attacker using an embedded SIM card.
This is called a supply chain attack, because the problem happens before the buyer gets the device. Most cases were in Southeast Asia. Wallets bought directly from Ledger were not affected.
Millions of people trust hardware wallets to keep their savings safe. This shows even physical devices can be hacked if they are tampered with before they reach you.