Criminals steal an estimated $90M in crypto using tampered hardware wallets

Hidden implants in Ledger devices sold through a Southeast Asian reseller reportedly captured recovery phrases during setup The original uploader was Ladislav Mecir at English Wikipedia. / Wikimedia Commons (CC BY-SA 3.0) A hardware wallet exists for one reason: to keep your crypto keys away from the internet. Someone apparently found a way around that promise before the box was even opened. Criminals stole $90 million of crypto by hiding password readers inside USB-like devices, according to the Financial Times. Estimates of the total damage run from $90 million to $93 million, drained from more than 300 user wallets. The devices involved were Ledger hardware wallets. They were sold through CryptoBilis, an authorized reseller operating in Southeast Asia. The attackers did not target the blockchain or the wallet software.

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