Ledger Reseller Hardware Wallet Security Incident Explained
Original title: Why the Theft of $100 Million From Ledgers Took 'Months of Research and Development'
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Summary
Unchained podcast host Laura Shin discusses how hardware wallets sold through authorized resellers in Southeast Asia carried a hidden implant that captured seed phrases. Guests Jonty of SEAL 911 and Pangolin Intelligence, along with Mark Karpelès of Karpelès Lab, detail how victim reports exposed the drains. The conversation covers how the implant sends out data over an eSIM, a tampered Ledger Flex purchased from Metapod in Singapore, and onchain evidence of drains. Mark and Jonty also explore the supply chain aspects behind the incident.
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Key points
- Hardware wallets sold through CryptoBilis, an authorized reseller in Southeast Asia, carried a hidden implant that captured seed phrases.
- The implant sent out captured data over an eSIM.
- Mark Karpelès detailed an implant found in a tampered Ledger Flex bought from Metapod in Singapore.
- Jonty of SEAL 911 and Pangolin Intelligence described how victim reports exposed the wallet drains.
Questions
Who appeared as guests on this episode of Unchained?
Mark Karpelès of Karpelès Lab Inc. and Jonty, founder of Pangolin Intelligence and contributor to SEAL 911, appeared as guests.
Which resellers were mentioned in relation to the tampered devices?
CryptoBilis, an authorized reseller in Southeast Asia, and Metapod in Singapore were mentioned in the discussion.
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