Ledger Finds LTE Implant That Stole Recovery Phrases in Suspected $86M Drain
60-second summary
Ledger discovers a covert LTE implant that silently captures users’ 24‑word recovery phrases during device setup, extracting the seed while leaving the Secure Element and firmware untouched. The chip transmits the data to an external server, enabling attackers to empty wallets potentially worth $86 million.
Ledger says the hidden chip reads the 24-word phrase off the screen during setup, leaving the Secure Element and its software untouched.