Zach Herbert, co-founder and CEO of Foundation Devices, urges hardware wallet makers to assemble devices close to customers and ship them directly from factories to reduce supply-chain tampering risks. He also advocates physical tamper detection and open-source designs. His comments follow a Ledger supply-chain incident in October 2026 that reportedly resulted in the theft of an estimated $86 million to $100 million. Foundation assembles its Passport wallets, including the Passport Prime model, entirely in the United States at an ITAR-certified facility equipped with active tamper-detection circuitry. Herbert expects the market to split between high-security domestic products and DIY devices often used in multisig setups that require multiple keys to approve a transaction.
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