Ledger Finds LTE Implant That Stole Recovery Phrases in Suspected $86M Drain
Summary
Security researchers at Ledger discovered a hidden chip capable of stealing recovery phrases during the device setup process. The malicious hardware extracts the information directly from the screen while leaving the internal security software completely unaffected.
Ledger says the hidden chip reads the 24-word phrase off the screen during setup, leaving the Secure Element and its software untouched.
Source: Read the full story at Decrypt
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