Ledger said LTE-enabled implants in wallets sold by CryptoBilis captured the 24-word recovery phrases shown on device screens during setup and sent them over cellular networks via an eSIM, without compromising the secure chips or altering transactions. The issue came to light after crypto losses involving devices sold through the reseller, which is listed as authorized in Indonesia, Malaysia and the Philippines. Blockchain investigator Specter estimated losses could exceed $86 million, while Yfarmx put them at $103 million, though Ledger has not confirmed a total. CryptoBilis halted sales of all hardware wallet brands in those three countries, Trezor said it received no reports of tampered devices but removed the reseller, and OneKey terminated its authorization and offered free replacements for devices bought from CryptoBilis in 2026. Ledger is also examining reports beyond the reseller, including European cases involving devices bought from MediaMarkt, but has not confirmed a link.
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