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Ledger suspends sales after $90M spyware theft

By Drooid · Oct 15, 2026, 11:40 PM UTC · How we work

Summary

Ledger Suspends Sales

Ledger suspended sales in Southeast Asia and Hong Kong after spyware implants stole over $90 million.
Implants in devices sold by CryptoBilis, MediaMarkt and MetaPod captured the 24-word recovery phrase via LTE eSIM.
On-chain analysis estimated $86 million-$93.2 million losses across more than 300 wallets, with Tether freezing $10 million USDT.
Ledger advised users not to initialize devices, to move assets to a fresh seed, and to file police reports.

Summary

Ledger Unveils Atom

Ledger launches the $899 Atom phone, combining crypto security with smartphone functionality.
The Atom runs open-source Android alongside Ledger OS on a secure chip.
It includes tamper-detect sensors that alert if the enclosure or display is opened, even when off.
The phone enables encrypted messaging and AI-agent management, readable only on another Atom in secure mode.
CEO Gauthier says the security-phone market exceeds 200 million units annually, expanding Ledger’s addressable market.

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Ledger Suspends Sales

Ledger suspended sales in Southeast Asia and Hong Kong after spyware implants stole over $90 million.
Implants in devices sold by CryptoBilis, MediaMarkt and MetaPod captured the 24-word recovery phrase via LTE eSIM.
On-chain analysis estimated $86 million-$93.2 million losses across more than 300 wallets, with Tether freezing $10 million USDT.
Ledger advised users not to initialize devices, to move assets to a fresh seed, and to file police reports.

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