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Recovery Phrases

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Tampered Ledger hardware wallets sold by third-party resellers drain over $93M in crypto

An ongoing investigation has found that counterfeit or tampered Ledger hardware wallets, sold through third-party resellers like Cryptobilis in Southeast Asia and elsewhere, contained hidden eSIM and LTE chips capable of capturing users' recovery phrases. Researchers say more than $93 million has already been stolen from affected users, while wallets purchased directly from Ledger remain unaffected. Cryptobilis has halted sales of all hardware wallet brands while the investigation continues.