Ledger Finds LTE Implant That Stole Recovery Phrases in Suspected $86M Drain

BREAKING: Ledger says it found a hidden LTE implant chip that steals users' 24-word recovery phrases off-screen during setup, linked to a suspected $86 million crypto drain.

A hidden phone chip inside hardware wallets was texting people's crypto keys to thieves.

Ledger says it found an LTE implant, an actual cellular modem, planted inside tampered devices. The moment a victim set one up, the chip read the 24 word recovery phrase straight off the screen and beamed it out over the mobile network. No hack, no phishing link, nothing for the user to click. The device itself was the attacker.

Ledger links it to a suspected 86 million dollar drain. And think about who buys a hardware wallet in the first place. These are the careful people, the ones who did everything right and took their coins off exchanges to be safe.

The one product whose entire job is keeping your keys offline was shipping with its own phone line. That's the whole story.

This is Sara White, reporting for HIT.