Taylor Monahan Says New Ledger Loss Reports She Reviewed Involved Scams

Security expert Taylor Monahan said the newest Ledger loss reports she reviewed involved owners tricked by scams after fears about a cellular implant, rather than losses caused by the implant itself. On a podcast episode Wednesday, Oct. 14, Monahan said the reports she had handled over the previous few days were not “Ledger drains” caused by the implant. She did not give a count of the reports. Monahan listed misleading Google ads appearing in Ledger Live searches, fake apps, phishing sites, alarming emails and scam calls as tactics used to target worried owners. “Don’t panic,” she said. Ledger said an unauthorized component in devices sold through CryptoBilis read recovery phrases from device screens and transmitted them over a cellular connection.

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