~$100M crypto theft via hardware backdoor in Ledger wallets sold by CryptoBilis

According to ZERO DAY, roughly $100 million in crypto was stolen using a hardware backdoor planted in Ledger wallets sold by Malaysia-based authorized reseller CryptoBilis. The coordinated theft points to a sophisticated operation.

• Losses estimated at about $100 million in crypto
• Backdoor planted in Ledger wallets sold by CryptoBilis
• CryptoBilis is a Malaysia-based authorized reseller
• The theft was coordinated, ZERO DAY reports