🚨Ledger Nano X Hacked: 100M USD Stolen
100M USD in Crypto Stolen from Ledger Wallets
TL;DR
Hackers have stolen around 100 million USD from Ledger Nano X wallets by inserting additional hardware that intercepts seed phrases. The company has admitted to one customer's loss but hasn't confirmed the extent of the damage.
Hackers have stolen around 100 million USD from Ledger Nano X wallets by inserting additional hardware that intercepts seed phrases. The Secure Element chip in each Ledger Nano X controls a tiny touchscreen, which is only secure if attackers can't read the screen. Attackers insert an LTE modem, eSIM module, and antenna, all powered by the wallet's accumulator, to transmit seed phrases to the attackers. This allows them to control the cryptocurrency assets secured by the seed phrase. Blockchain observers have identified over 300 affected wallets, collectively depleted of approximately 93 million USD. The stolen cryptocurrency units are then laundered through crypto mixers. The Ledger company has admitted to one customer's loss but hasn't confirmed the extent of the damage.
Key Points
Hackers have stolen around 100 million USD from Ledger Nano X wallets.
Attackers insert an LTE modem, eSIM module, and antenna into genuine Ledger Nano X devices.
The seed phrase is transmitted via mobile phone to the attackers, who gain control over the assets.
Blockchain observers have identified over 300 affected wallets, collectively depleted of 93 million USD.
The stolen cryptocurrency units are laundered through crypto mixers.
Why It Matters
If you're using a Ledger Nano X for storing cryptocurrencies, you're at risk of losing your funds due to hardware manipulation. The company has admitted to one customer's loss but hasn't confirmed the extent of the damage. This affects anyone who relies on hardware wallets for secure cryptocurrency storage.
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