R1.48-billion crypto hardware wallet spy chip attack feared worse than first believed

• Ledger is reviewing its policies and processes for how its devices are sold to consumers, after spyware implanted in some wallets led to an estimated $90 million (R1.48 billion) in stolen cryptocurrency.
• French businessman and the former CEO of the bitcoin exchange Mt. Gox recently opened a Ledger device bought at Singapore Airport several months ago and found a spy chip implanted in it.
• The incident is prompting other crypto hardware wallet providers to reassess how they work with third-party resellers, with OneKey and Trezor moving to halt or review some reseller relationships, according to posts by the companies on social media.