GoKawiil
Tech News
Ledger has announced a new hardware crypto wallet designed to resemble a smartphone. The launch comes as the company faces renewed scrutiny over how it handled earlier reports of backdoored devices, which surfaced months before some crypto wallets were drained of funds.
Ledger has confirmed that at least one of its hardware wallets, sold through Malaysia-based reseller CryptoBilis, contained an unauthorized hardware implant that drained users' cryptocurrency funds. The company asked CryptoBilis to halt sales and shipments on October 9, and a day later confirmed the tampering, saying it is contacting affected users and working with authorities to find those responsible. Ledger says all reported fund losses trace back to devices from this one reseller and describes the scale of the breach as limited.
An increasing number of companies are integrating cryptocurrencies into their financial workflows, using digital assets for payroll, invoicing, and access to funds. This shift allows for quicker transactions and around-the-clock financial management, even outside traditional banking hours.
Trezor disclosed that hackers who compromised 138 accounts at email marketing provider Brevo used the access to send roughly 347,000 phishing emails to its customers. The messages, disguised as security alerts, directed recipients to a fake app designed to steal their wallet backup passwords. Trezor says its own products and account systems were not breached, but the stolen credentials could let attackers drain victims' crypto holdings.