Hardware wallet maker Trezor said it will reduce its number of resellers as a “preventive step” following reports that malicious implants were found in competitor Ledger’s devices. Chief commercial officer Danny Sanders said certain resellers will be removed from the authorized list on January 1 and will stop receiving Trezor shipments from Tuesday. Trezor said there is “not a single piece of evidence” that its own devices have been compromised, while Ledger confirmed that at least one device sold by reseller CryptoBilis in Southeast Asia contained an unauthorized implant that captured recovery phrases. Researchers estimate losses of between $72 million and $86 million, though Ledger has not confirmed the total number of affected users or value lost. CryptoBilis suspended all hardware wallet sales, and the parent company of MediaMarkt removed all Ledger products from its stores and online platforms.
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