Hardware Security Supply Chain Attacks: Ledger & COLDCARD
Singapore police confirmed that Ledger hardware wallets sold at local retailers contained malicious hardware implants, while COLDCARD was also cited as exploited — adding hardware supply chain risk to an already disastrous security day for crypto.
What we know
An account on X RTs another account on X: 'Singapore police said on October 28 that some Ledger cryptocurrency hardware wallets purchased from local retailers contained malicious hardware implants capable of stealing' funds. This was flagged alongside the Binance hack, compounding hardware security concerns. Several accounts on X both RT'd another account on X listing COLDCARD and Ledger exploits alongside the Binance hack as part of an exceptional bad-news stack for Bitcoin. The stacking of CEX hacks, hardware wallet supply chain compromise, and broader market uncertainty prompted debate about whether self-custody remains viable — another account on X asked: 'Is the decentralized self custody dream dead?'
How the story developed
Singapore police confirmed that Ledger hardware wallets sold at local retailers contained malicious hardware implants, while COLDCARD was also cited as exploited — adding hardware supply chain risk to an already disastrous security day for crypto.
Beyond the Polymarket hack, Singapore police confirmed Ledger hardware wallets sold at local retailers contain malicious hardware implants, while cybersecurity firm Sophos reports being overwhelmed by an unprecedented 'Black October' surge in incidents.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.