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Can a Crypto Wallet That's Never Online Be Hacked? The Ledger Spy-Chip Theft

Oct 17, 2026

In October 2026, Ledger said some hardware wallets sold through one Southeast Asian reseller had a hidden chip that read the 24-word recovery phrase off the screen and sent it out over a mobile network. Here is how it worked, how much researchers think was taken, and what Ledger tells owners to do.

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