Why the Theft of $100 Million From Ledgers Took 'Months of Research and Development'

Quick favor: We’re deciding what Unchained does next; new shows, stream times, what’s worth paying for. Our listener survey (https://unchainedcrypto.com/survey) takes five minutes, it’s anonymous, and I read the write-in answers myself. Everyone who takes it can enter a drawing for a free year of Unchained Premium or Bits + Bips Premium. Open through Sunday, October 18. — Laura ======================================================================== Ledger hardware wallets sold through CryptoBilis, an authorized reseller in Southeast Asia, carried a hidden implant that captured seed phrases and sent them out over an eSIM. Jonty of SEAL 911 and Pangolin Intelligence describes how victim reports exposed the drains, and Mark Karpelès of Karpelès Lab details the implant, including a tampered Ledger Flex bought from Metapod in Singapore. ======================================================================== Host: 👉 Laura Shin - Founder, CEO and Host of Unchained - https://x.com/laurashin Guests: 👉 Mark Karpelès - CEO of Karpelès Lab Inc. - https://x.com/MagicalTux 👉 Jonty - Founder of Pangolin Intelligence and Contributor to SEAL 911 - https://x.com/tanuki42_ ======================================================================== This clip is from a longer conversation on the Ledger reseller hacks. Full episode here: https://youtu.be/u6GYuL_uGqY We go live twice every week - subscribe to catch it live. Sponsor Put your crypto to work with Nexo: earn daily interest or borrow funds against your assets on one platform trusted by more than 10 million clients. Find out more at https://unchainedcrypto.com/go/nexo-podcast-yt Geo-restrictions, eligibility and terms apply. ======================================================================== Chapters 🚨 00:00 How SEAL 911 victim reports exposed the Ledger drains 📡 02:24 How the implant captures a 24-word seed phrase and sends it out 🏪 03:59 What is known about CryptoBilis, the reseller at the center 🧩 05:30 Was CryptoBilis the source? Jonty on tampered devices elsewhere 📆 07:43 Jonty on onchain evidence of drains dating back to September 8 🛫 09:13 Mark on the implant in a Ledger Flex bought from Metapod in Singapore 🔬 11:02 How the implant went from loose wires to a board that clips in 🕵️ 13:39 Who could be behind it? Mark and Jonty on the supply chain ======================================================================== #bitcoin #ethereum #crypto #cryptocurrencies ======================================================================== Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!