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How a Sneaky Hardware Trick Cost Crypto Investors $90 Million
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Subscribe16 OCT 2026 / TECHNOLOGY
Criminals have stolen an estimated $90 million in cryptocurrency by modifying Ledger hardware wallets before they reached the customers, exploiting a security weakness that could go undetected by common cybersecurity defences. This incident emphasizes the vulnerabilities of offline, or cold, storage and adds to recent security breaches in other crypto wallet providers Coldcard and Trezor, pointing to the need for strengthened tamper detection, hardware inspections, reseller authentication and third-party data controls.
Criminals allegedly stole around $90 million in cryptocurrency by secretly modifying genuine Ledger hardware wallets before customers purchased them. Combined with earlier security failures involving Coldcard and Trezor, the incident exposes an uncomforta...
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