Ledger halts wallet sales in Southeast Asia after tampering discovery
Ledger, a Paris-based maker of cryptocurrency hardware wallets, suspended sales across Southeast Asia after finding some devices had been tampered with.
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What happened
Ledger, a Paris-based maker of cryptocurrency hardware wallets, suspended sales across Southeast Asia after finding some devices had been tampered with. It asked resellers and distributors in Southeast Asia and Hong Kong to stop selling its wallets during an investigation. Reports said rogue chips may have stolen users' recovery phrases in a supply chain attack, and MediaMarkt, a major European electronics retailer, pulled Ledger wallets from its shelves.
Why it matters
The reports cite a $93 million hardware-wallet supply chain attack and an investigation of about $90 million in losses. Ledger said it would review its sales and anti-tamper policies.
Timeline
- Oct 13, 2:58 PM ET: MediaMarkt stopped selling Ledger wallets amid tampering claims, and former Mt. Gox CEO Mark Karpeles claimed his wallet had a spy chip.
- Oct 14, 12:15 AM ET: Ledger suspended sales across Southeast Asia after discovering some devices had been tampered with and were sold in Singapore.
- Oct 14, 6:50 AM ET: Ledger said it would review its sales and anti-tamper policies following the supply chain attack.
- Oct 14, 11:09 AM ET: Ledger asked resellers and distributors in Southeast Asia and Hong Kong to suspend sales during its investigation.
Coverage
- Ledger Suspends Southeast Asian Resellers During $90 Million Crypto Wallet Hack Investigation (PYMNTS)
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