Ledger Confirms Hardware Implant Attack, Reports No Systems Breach

Ledger confirmed unauthorized hardware implants were found in some devices while saying its systems and infrastructure were not breached, prompting precautionary steps for affected users.

The company advised users not to initialize hardware wallets they have not yet used. It also recommended considering a transfer of assets to wallets created with new recovery phrases.

CryptoBilis, a distributor of hardware wallets, temporarily suspended sales in response to the incident. On-chain estimates put losses linked to the attack at more than $86 million.

The incident adds to security concerns surrounding hardware wallets, which are designed to keep cryptocurrency assets offline and protected from online threats. Ledger’s confirmation indicates the reported compromise involved physical device tampering rather than a breach of the company’s systems.