Former Mt Gox CEO Mark Karpeles announced a project to create an affordable device for detecting spy implants in Ledger hardware wallets. This device could become a necessary alternative amid the current security crisis at the French crypto wallet manufacturer.
Karpeles shared the news on X, posing the question: “Is my Ledger safe? Does it have a spy implant?” In his view, checking for malicious components can be done without opening the wallet. He is working on creating a cheap and accessible device for this purpose and promises to release the printed circuit board project and technical specifications so anyone can assemble the detector themselves.
The idea is to detect unauthorized antenna components inside the wallet using low-power radio signals and resonance testing. However, Karpeles has yet to show a fully functional and independently verified detector.
The project emerged in the wake of a serious incident involving tampered Ledger wallets sold through a reseller in Southeast Asia. Attackers purchased original devices, implanted hidden electronic components in them, and returned them for sale. Ledger's security team stated that the implants could capture the 24-word recovery phrase during initialization and allegedly transmit it via an LTE connection using an eSIM inside the wallet. Independent researchers estimate losses of over $90 million.
On October 15, Ledger released an official statement: security chips, OS, and servers have not been compromised. According to the company, the issue lies with criminals gaining access to the devices after Ledger lost control over them. The company has implemented stricter rules for approved resellers: a ban on selling returned items and a requirement to keep products out of sight on public displays until purchase.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
Related articles
