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TL;DR
Crypto thieves have modified Ledger Nano X hardware wallets by adding a chip that intercepts seed phrases, leading to losses of approximately 93 million US dollars. This manipulation allows attackers to capture sensitive information without compromising the wallet's Secure Element chip.
✦ Why It Matters
Ensure your hardware wallet is genuine and consider using additional security measures.
Key Takeaways
How It Works
Attackers insert a chip into the Ledger Nano X that captures the seed phrase displayed on the screen. This chip works alongside an LTE modem that transmits the captured information to the attackers, allowing them to gain control over the user's cryptocurrency.
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