Company
French company that makes hardware cryptocurrency wallets (Ledger Nano devices) and the Ledger Live companion app for securing and managing digital assets.
Security researcher Taylor Monahan says most fresh Ledger loss reports trace to owners who handed recovery phrases to scammers. Estimates of the episode's losses run $70 million to $100 million, and Ledger says every verified case traces to one reseller.
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Researcher Joe Grand says he told Ledger of an implanted Nano X on March 4, 219 days before the Oct. 9 CryptoBilis wallet losses. The case that Ledger gave no public warning rests on Grand's criticism and Mark Karpelès saying he has seen none.
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Bitquery estimates $102 million was drained from 324 Ledger-linked wallets on six chains, up from about $86 million earlier. Ledger says its chips, software and servers were not breached and calls it a distribution-channel attack.
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Ledger plans to release its Android-based Atom wallet in mid-2027, after a breach that onchain researchers put at up to $93.2 million. It plans no trade-ins for customers hit by the tampering, so victims who want the new hardware will pay for it.
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Ledger disclosed on October 13 that an implant in a signer sold by CryptoBilis captures 24-word recovery phrases and sends them over LTE. Every fund loss Ledger has verified involved devices bought through that reseller.
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Ledger announced the Atom, a data-only Android signer, while pausing sales in southeast Asia after reports of over $86 million in stolen crypto. Ledger says the Atom's tamper detection would have stopped the implants, but it is not due until summer 2027.
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Ledger confirmed on Oct. 10 that one affected customer's wallet held an unauthorized implant, after drains that trackers put near $93 million. That proves tampered hardware reached a victim, but investigators have not tied comparable equipment to the rest of the losses.
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Ledger will ship its Atom with Solana Mobile's Seeker app preinstalled, delivery estimated for the second quarter of 2027. The announcement came five days after Ledger confirmed a hardware implant in an affected user's device.
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Ledger suspended reseller sales in seven Asian markets and barred resale of returned wallets after implants captured recovery phrases. Independent blockchain investigators estimate losses above $86 million, a figure Ledger has not verified.
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Ethena CEO Guy Young says a large ENA holder's transfers were a security precaution after the Ledger attack. Researchers put the thefts at up to $93.2 million, and every holder who moves to a fresh signer leaves a trail that looks like an exit.
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MediaMarktSaturn removed all Ledger products from its stores and online platforms over tampering reports. The public German evidence is an X user's claim that two wallets held cellular modules. Ledger did not answer Cointelegraph on whether it has confirmed any tampered device in Europe.
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Ledger asked resellers in seven Asian markets to pull its wallets from shelves on October 14. It has not tied a suspected implant in a Flex from a second reseller to the first cases, so how far the tampering reaches is open.
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Joe Grand told Trezor in August that two of its wallets carried hardware implants, zetter-zeroday.com reports. Trezor's commercial chief has since written that there is no evidence of compromise as the company trims its authorized sellers.
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Trezor will end its resellers' authorization on January 1, 2027, days after Ledger found an LTE spy implant in wallets sold by CryptoBilis. Trezor says there is no evidence its own devices were compromised.
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Ledger told owners of Nano X wallets bought from CryptoBilis to discard them after spy chips were linked to more than $86 million in thefts. A Nano X bought in Europe and a Ledger Flex have since been reported with the same implant.
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MediaMarktSaturn has pulled Ledger wallets from its roughly 1,070 stores and websites in every country it operates in. Ledger ties every confirmed case to a Southeast Asian reseller, but one buyer says he found modified units at two MediaMarkt stores.
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X users say tampered Ledger wallets also came from MediaMarkt in Germany and LazMall in the Philippines, beyond the CryptoBilis batch Ledger confirmed. Karpelès has examined pictures of the LazMall unit; the MediaMarkt claim rests on one account.
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Three knife-wielding intruders took about $800,000 from a UK trader, he says, including $720,000 from a Ledger hardware wallet. Police have not confirmed it; Chainalysis counts over $30 million in confirmed losses from such attacks in the first half of 2026.
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On-chain analyst Specter traced more than $86 million drained from hundreds of Ledger hardware-wallet users across Ethereum, TRON and Bitcoin. With the cause unconfirmed, holders cannot yet tell whether moving coins to a new device would help at all.
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France's Assembly finance committee adopted a rule making holders of €100,000 or more in self-custody crypto report it or face fines up to €10,000. The same committee then voted 31 to 3 against the budget's revenue section, and the government's original text contains none of its crypto amendments.
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