Ledger, the French hardware wallet manufacturer, is reviewing its sales policies after a massive theft involving compromised devices. Unauthorized hardware implants sold through authorized reseller CryptoBilis captured 24-word recovery phrases and transmitted them over LTE via an eSIM. Losses are estimated between $72 million and over $93 million, with Bloomberg citing $90 million. The attack affected 315 wallets across six chains, and Tether froze approximately $10 million in USDT linked to the suspected thefts. The affected devices were primarily sold in Southeast Asia, notably Malaysia, Indonesia, and the Philippines.
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