According to ME News, on October 13 (UTC+8), Pascal Gauthier, CEO of Ledger, posted on X that all confirmed financial losses in this incident involved Ledger signing devices sold through the Southeast Asian distributor CryptoBilis. On October 10, Ledger confirmed that one of the affected devices had been tampered with an unauthorized hardware implant; there is currently no indication that Ledger’s own infrastructure, systems, or services were compromised. CryptoBilis has ceased sales of Ledger devices. Ledger’s security team, Donjon, is inspecting returned devices and collaborating with law enforcement and contacting affected users. Official advisory: Do not activate any device purchased through this channel that has not yet been activated; if already activated, transfer assets promptly to a new device with a new recovery phrase. Ledger will never initiate phone calls or request your 24-word recovery phrase. (Source: PANews)
Ledger CEO: Security Team Donjon Recovers Devices and Collaborates with Authorities
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Summary
In a recent crypto news update, Ledger CEO Pascal Gauthier revealed that all verified financial losses originated from Ledger signing devices sold through CryptoBilis in Southeast Asia. The company confirmed that one device contained unauthorized hardware implants, with no evidence of compromise to Ledger’s infrastructure. Ledger’s security team, Donjon, is examining recovered devices and collaborating with authorities and affected users. Ledger warns against activating devices from this channel and urges users to transfer their assets using new, trusted hardware. The company emphasized that it will never ask users for their 24-word recovery phrases.
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