The crypto devices built to foil hackers came with spies inside
Source: The Star
Published on: 2026-10-19 04:38
At a small cryptocurrency shop in the heart of Kuala Lumpur, a sheet of paper dated Oct 10 is taped to shutters over the entrance: "Our physical stores are temporarily closed until further notice." Malaysian retailer CryptoBilis, a reseller of hardware crypto wallets, has become a focal point of an investigation into thefts from devices meant to secure digital assets offline. Customers began reporting missing funds on Oct 9, and blockchain researchers have estimated losses of over US$90mil (RM367.29mil). Paris-based Ledger SAS, manufacturer of the affected wallets, said on Oct 15 that a "highly organised criminal group" had fitted some of its devices with hidden hardware. Ledger had previously linked the problem to CryptoBilis, but it is also reviewing reports of implants found in wallets purchased elsewhere - suggesting the problem may extend beyond a single retailer. It's the latest...
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