Hackers allegedly stole between $72 million and $93 million in cryptocurrency by implanting hardware components with cellular capabilities into Ledger hardware wallets sold through authorized Southeast Asian reseller CryptoBilis. These implants, hidden behind the device screens, captured users’ 24-word recovery phrases and transmitted them over cellular networks. Ledger confirmed on October 10, 2026 that at least one affected device contained an unauthorized hardware component. Tether froze approximately $10 million in USDT linked to theft addresses, while funds were routed through mixers such as Tornado Cash.
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