Ledger Confirms Hardware Implant Attack as Losses May Exceed $86 Million

Ledger confirmed Sunday that an unauthorized hardware implant attack affecting user devices may have caused more than $86 million in cryptocurrency losses.

The potential losses involve users whose Ledger devices contained unauthorized hardware implants, the company said. The figure could rise above $86 million as the incident is assessed.

CryptoBilis, a distributor of Ledger products, has suspended sales of inventory linked to the affected devices.

Ledger is a hardware wallet maker, and the incident centers on the security of its physical products rather than a cryptocurrency network or trading platform. The company’s confirmation came at 5:31 a.m. ET (09:31 UTC) on Sunday.