Ledger Links Verified Wallet Theft Cases to CryptoBilis Devices

Ledger has linked verified theft cases involving its hardware wallets to devices sold by CryptoBilis, a Southeast Asian reseller, after an examined unit was found to contain an unauthorized hardware implant. Former Mt. Gox CEO Mark Karpelès found a module wired into the screen’s data connection, along with LTE/eSIM hardware and an antenna. The setup may have captured recovery words when they appeared on the display and transmitted them over cellular networks. Ledger’s genuine-device check can verify the security element, but it cannot rule out physical tampering around the screen. Ledger’s verified cases involved devices sold by CryptoBilis, which has suspended hardware-wallet sales and shipments.

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