ME News message: 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 imitation intended to steal users’ crypto assets. The device is priced the same as the official store, and its packaging and product page appear legitimate, but when connected to the official Ledger Live app, it fails the “authenticity verification.” Disassembly found that the device’s hardware and firmware have been tampered with; internally, it includes WiFi and Bluetooth antennas, and the chip markings have been scraped off. After analyzing the firmware, the researcher found that after the device boots, it displays the manufacturer as Shanghai-listed company Lixin Technology.

MeNews

2026-05-21 04:10:18

ME News Report, 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 designed to steal users' crypto assets. The device is priced the same as in the official store, with packaging and product pages appearing legitimate, but it fails to pass "authenticity verification" when connected to the official Ledger Live app. Disassembly revealed that the hardware and firmware of the device have been tampered with, and it contains WiFi and Bluetooth antennas internally, with chip markings scraped off. After analyzing the firmware, the researcher found that upon startup, the device displays the manufacturer as Lexin Technology, a Shanghai-listed company. The researcher advises users to only download Ledger Live from ledger.com and purchase hardware only from ledger.com. If the device does not pass authenticity verification, it should be stopped immediately. Earlier this month, over 50 victims lost a total of $9.5 million after fake Ledger Live apps were listed on the Apple App Store, which leaked seed phrases. (Source: PANews)

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LighthouseInTheMist

· 21h ago

It's terrifying to think about; if it hadn't been dismantled, how many people could this thing have fooled?

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PopFruitCollage

· 21h ago

Ledger's official verification process saved a life, but many people probably won't bother to verify it at all.

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GateUser-423f10e3

· 21h ago

Opening the chip label and scraping it off—this move is way too skillful, the supply chain is terrifyingly mature.

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Mirror-FinishTeacupWith

· 21h ago

Counterfeiting the same style and price is possible; ordinary users simply can't defend against it.

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ReviewMonsterDoesn'tSleep

· 21h ago

From now on, only buy hardware wallets from the official website; even if third-party platforms are cheaper, I won't dare to touch them.

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TheSkyInsideTheMirroredSphere

· 21h ago

Lexin Technology got caught in the crossfire; even after the chip was scraped, it can still be recognized. The researchers are indeed professional.

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GateUser-3f3455c7

· 21h ago

This is just too outrageous; WiFi and Bluetooth are both included, turning the hardware wallet into a hardware backdoor.

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

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