Ledger Blames an Organised Crime Group That “Spent Millions” Tampering Devices; Tracker Estimates Reach $102M

Ledger says a “highly organized criminal group” bought its devices, installed implants that could read recovery phrases, and returned them through resellers — “an attack on the distribution channel”; its chip and operating system were not compromised. Loss estimates vary by tracker: Specter $86M, the FT ~$90M, coin-turk $102M across six blockchains. Southeast Asia and Hong Kong resellers suspended sales; Ledger says devices screened in Europe came back clean.