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

MeNews
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Abstract generation in progress
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 counterfeit imitation designed to steal users' crypto assets. The device is priced the same as 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 device's hardware and firmware had been tampered with, with WiFi and Bluetooth antennas embedded inside, and the chip markings scraped off. After analyzing the firmware, the researcher found that upon startup, the device displays the manufacturer as Shanghai-listed company Lexin Technology. 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 listed on the Apple App Store leaked seed phrases. (Source: PANews)
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ColdStartUnderTheAurora
· 5h ago
Official store listed on FakeLive, Apple cannot avoid responsibility
View OriginalReply0
SymbolsInTheReflection
· 5h ago
Lessons from 9.5 million dollars, what is the App Store review team doing?
View OriginalReply0
BudgetValidator
· 5h ago
WiFi Bluetooth antenna?? Is this a wallet or a spy device?
View OriginalReply0
AirdropEtiquette
· 5h ago
Hardware wallets even dare to fake, this supply chain is too terrifying
View OriginalReply0
AprWhisperer
· 5h ago
Lexin Technology gets caught in the crossfire; they shouldn't be blamed for this.
View OriginalReply0
BluePeonyObserver
· 5h ago
Buying from official channels is the baseline; chasing small discounts can lead to big losses.
View OriginalReply0

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