Ledger says 'spy' chip inside CryptoBilis Ledger devices transmitted wallet keys over mobile network

60-second summary

Ledger reports a covert “spy” chip inside CryptoBilis‑branded hardware wallets that silently transmitted users’ master private keys via cellular network, bypassing Ledger’s firmware. The component operates independently, extracting seed phrases without firmware changes. This breach exposes millions of assets to theft, prompting immediate device recalls and heightened scrutiny of supply‑chain security across the crypto industry.