{"id":14451,"date":"2026-10-14T06:07:58","date_gmt":"2026-10-14T06:07:58","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14451"},"modified":"2026-10-14T06:07:58","modified_gmt":"2026-10-14T06:07:58","slug":"ledger-sales-pulled-in-europe-firm-also-seeks-southeast-asia-suspension","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14451","title":{"rendered":"Ledger Sales Pulled in Europe \u2013 Firm Also Seeks Southeast Asia Suspension"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_74d70e3b1702f3acbab1571243dc8caa\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">MediaMarktSaturn stopped Ledger sales across its stores and online channels after a German researcher reported suspicious hardware modifications.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ledger separately confirmed unauthorised implants in devices sold through Southeast Asian reseller CryptoBilis, with traced losses reaching up to US$93.2 million.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The implant could capture a user\u2019s 24-word recovery phrase during setup and transmit it wirelessly via eSIM and LTE.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ledger asked distributors across several Asian markets to suspend sales while investigating the supply chain, but said its own systems and direct channels showed no signs of compromise.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Following earlier reports of alleged tampering with crypto wallet devices made by French firm Ledger, one of Europe\u2019s largest electronics retailers has pulled the devices off its shelves. MediaMarktSaturn said it has stopped the sale of Ledger devices in all its physical stores and online shops.<\/p>\n<p class=\"wp-block-paragraph\">This was confirmed by Ledger in a 13 October post on X and was labelled as being \u201cwith Ledger\u2019s alignment\u201d. The move comes after a German security researcher bought two Ledger devices at different locations and claimed that the devices had been tampered with.<\/p>\n<p class=\"wp-block-paragraph\">The unconfirmed claims state that cables and cellular modules had been added to the devices, in what the researcher, named Johannes, framed as \u201cspyware\u201d. Ledger assured that \u201cno loss of funds were reported\u201d.<\/p>\n<p class=\"wp-block-paragraph\">Former Mt. Gox CEO Mark Karpel\u00e8s says he has been looking into suspicious hardware modifications since September.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Read also:<\/strong> <strong>Critical XRP Ledger Bug Could Have Allowed XRP to Be Minted From Nothing<\/strong><\/p>\n<h2 id=\"h-what-we-know-so-far\" class=\"wp-block-heading\">What We Know So Far<\/h2>\n<p class=\"wp-block-paragraph\">On 9 October, Ledger said it was investigating loss of funds involving devices sold by reseller CryptoBilis and had asked the reseller to halt all shipments.<\/p>\n<div id=\"blockquote-block_9c4d23815d69229a98e8d71c8478931a\" class=\"blockquote-container variant-personal\">\n<div class=\"blockquote-text\">\n<p>Ledger is investigating reports of loss of funds from users in South East Asia who purchased products from a reseller named CryptoBillis. As a precaution, and pending the results of our investigation, we have asked CryptoBillis to pause all sales and shipments of Ledger devices.<\/p>\n<\/div>\n<div class=\"blockquote-attribution\">\n        <img decoding=\"async\" class=\"author-image lazyload\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/02\/22144905\/ledger-logo.svg\"\/><img decoding=\"async\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/02\/22144905\/ledger-logo.svg\" class=\"author-image\" data-eio=\"l\"\/>        Ledger    <\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">All users who bought devices in the preceding 90 days were urged not to initialise their wallets if they hadn\u2019t done so and, if they had, to consider moving their crypto assets.<\/p>\n<p class=\"wp-block-paragraph\">Blockchain investigators initially estimated losses of more than US$86 million (AU$123 million), and a day later Ledger confirmed that an unauthorised implant had been found in at least one device. The estimated losses have since increased, with blockchain analytics firms tracing as much as US$93.2 million (AU$133.2 million), although Ledger has not confirmed the total amount stolen.<\/p>\n<p class=\"wp-block-paragraph\">Ledger later said the confirmed losses involved devices sold through CryptoBilis and that it had not verified a fund drain linked to a device purchased elsewhere.<\/p>\n<p class=\"wp-block-paragraph\">Separately, Johannes subsequently reported buying his devices from German MediaMarkt stores and finding suspicious components.<\/p>\n<p class=\"wp-block-paragraph\">On 13 October, Karpel\u00e8s posted on X that he had been sent a Ledger device that had a spy implant. The device had been bought back in June at Singapore\u2019s Changi Airport. Ledger has not confirmed that the Singapore device is linked to the CryptoBilis cases.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"\/>\n<p class=\"wp-block-paragraph\">Ledger confirmed that a tampered device sold through CryptoBilis containing an embedded microcontroller could capture the 24-word recovery phrase as it appears on screen during setup and transmit it wirelessly via an eSIM and LTE, with no need to attack the secure chip or firmware.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Related:<\/strong> <strong>Ledger Launches Open-Source AI Toolkit With Hardware-Enforced Approval for Crypto Transactions<\/strong><\/p>\n<p class=\"wp-block-paragraph\">Ledger also asked resellers and distributors in Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia and Hong Kong to suspend sales and remove its devices from shelves while the investigation continues.<\/p>\n<p class=\"wp-block-paragraph\">The wider suspension is precautionary as Ledger investigates where the confirmed tampering occurred in the distribution chain. The company said it had found no indication that its own systems or direct sales channels had been compromised.<\/p>\n<\/p><\/div>\n<p>Europe,Ledger#Ledger #Sales #Pulled #Europe #Firm #Seeks #Southeast #Asia #Suspension1791958078<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MediaMarktSaturn stopped Ledger sales across its stores and online channels after a German researcher reported suspicious hardware modifications. Ledger separately confirmed unauthorised implants in devices sold through Southeast Asian reseller CryptoBilis, with traced losses reaching up to US$93.2 million. The implant could capture a user\u2019s 24-word recovery phrase during setup and transmit it wirelessly via<\/p>\n","protected":false},"author":1,"featured_media":14452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[392,2611,2096,829,4939,143,974,6821,7387],"class_list":["post-14451","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-asia","tag-europe","tag-firm","tag-ledger","tag-pulled","tag-sales","tag-seeks","tag-southeast","tag-suspension"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ledger Sales Pulled in Europe \u2013 Firm Also Seeks Southeast Asia Suspension - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14451\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ledger Sales Pulled in Europe \u2013 Firm Also Seeks Southeast Asia Suspension\" \/>\n<meta property=\"og:description\" content=\"MediaMarktSaturn stopped Ledger sales across its stores and online channels after a German researcher reported suspicious hardware modifications. Ledger separately confirmed unauthorised implants in devices sold through Southeast Asian reseller CryptoBilis, with traced losses reaching up to US$93.2 million. 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