ME News reports that a Brazilian security researcher found that a Ledger Nano S Plus purchased from a Chinese e-commerce site was counterfeit, with an appearance similar to the official but not verified as genuine. Disassembly revealed altered hardware/firmware, with internal WiFi/Bluetooth antennas, scratched chip markings, and firmware indicating the manufacturer as Espressif Systems. The researcher warns to only download LedgerLive from ledger.com and purchase hardware only from ledger; if not verified as genuine, stop using it immediately. Previously, over 50 victims had their mnemonic phrases leaked due to fake Ledger Live listed on the Apple App Store, resulting in losses of approximately $9.5 million. PANews

MeNews

2026-05-21 00:19:33

Abstract generation in progress

ME News: On April 17 (UTC+8), a Brazilian security researcher warned that the Ledger Nano S Plus device purchased on a Chinese e-commerce platform is a carefully crafted counterfeit intended to steal users’ crypto assets. The device is priced the same as in the official store; its packaging and product page appear legitimate, but after connecting to the official Ledger Live app it fails to pass the “authenticity verification.” Disassembly found that the device’s hardware and firmware have been tampered with; WiFi and Bluetooth antennas are embedded inside, and the chip markings have been scraped off. After analyzing the firmware, the researcher found that when the device starts up, it displays the manufacturer as the Shanghai-listed company Espressif Technology. The researcher advises users to download Ledger Live only from ledger.com and to purchase hardware only from ledger.com. If the device does not pass authenticity verification, it should be stopped immediately. Earlier this month, more than 50 victims lost a total of $9.5 million after fake Ledger Live apps listed on the Apple App Store leaked seed phrases. (Source: PANews)

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WalletEarlyAccessAlarm

· 9h ago

Buying a hardware wallet from domestic e-commerce sites, my heart is truly big.

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CancelingOrdersIsLikeBreathing

· 11h ago

Can this fake firmware fool Live's verification? It's terrifying to think about.

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GateUser-4590f4c6

· 14h ago

Only when taking it apart do you realize that ordinary people simply can't tell.

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GateUser-0fdb3438

· 14h ago

Fake Live streams on the App Store can all be listed; what is Apple review doing?

View OriginalReply0

StainedGlassSolarArray

· 14h ago

Third-party sellers on e-commerce platforms really can't be trusted

View OriginalReply0

MoonlightDisconnectSwitch

· 14h ago

Researcher, this breakdown is really helpful; otherwise, more people would get caught.

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StrollingOnTheEdgeOfTheDao

· 14h ago

Enter the mnemonic phrase, and the wallet resets to zero, a classic script.

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GovernanceGremlin

· 14h ago

From now on, buying a Ledger requires weighing it first; counterfeit products might have a few extra grams of antenna.

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PuppyLooksAtTvl

· 14h ago

9.5 million dollars to learn a lesson, hardware wallets must be bought from the official website

View OriginalReply0

GateUser-78b4adc8

· 14h ago

Lexin Technology gets dragged into the mess; they shouldn't be blamed for this.

View OriginalReply0

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Security researchers discover counterfeit Ledger hardware wallets sold on Chinese e-commerce platforms

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