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Ledger confirms hidden chip in crypto wallet amid $92M theft claims

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Screenshot of Ledger confirms hidden chip in crypto wallet amid $92M theft claims

Ledger confirmed finding an unauthorized hardware implant inside one customer’s Ledger device while investigating reported thefts tied to Southeast Asian reseller CryptoBilis, prompting the reseller to halt all hardware wallet sales. Security researcher Mark Karpelès examined a suspicious Ledger Nano X and reported additional electronics hidden behind the display; a technical analysis shared by Tibane Labs described a microcontroller, cellular hardware and connections to the screen data lines that could capture information displayed during setup. Ledger said it is contacting affected customers, working with authorities and developing protections against physical tampering, advised users who bought from CryptoBilis not to set up devices, and recommended transferring funds to a new wallet initialized with a fresh recovery phrase. Ledger also emphasized it has found no evidence its internal systems were compromised and warned users to ignore any recovery-phrase requests.

Blockchain analysts have attempted to quantify suspected losses: Bitquery estimated about $92.9 million removed from 311 wallets across Bitcoin, Ethereum, TRON, BNB Chain and Polygon, with roughly $70.5 million in TRON USDT and $16.8 million in Bitcoin; it reported roughly $10 million frozen and transfers routed through mixers like Tornado Cash. PublicAML reported additional ETH movements. Ledger has not independently confirmed those totals, the number of victims or that the implant caused the thefts. Former CryptoBilis executives say they transferred control earlier in 2026.

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