A closer look at “Ledger Spy-Chip Exploit Backfires: Scammer Loses Nearly $5M in Bitcoin, Chainalysis Report”, exactly as the source publishes it. A scammer who lured victims with fake online jobs has lost almost $5 million in bitcoin after falling prey to the same Ledger hardware wallet exploit they may have used against others, according to blockchain analytics firm Chainalysis. The fraudster is now among the largest victims of the compromised devices, which were tampered with to include a spy chip that steals recovery phrases. The incident highlights the growing sophistication of supply-chain attacks on cryptocurrency hardware.
Ledger, a leading hardware wallet maker, has faced scrutiny over security, but this case shows even malicious actors are not immune to the broader risks. Chainalysis did not name the scammer, but confirmed the loss occurred as part of a wave of thefts tied to the modified wallets. The full version stays on the original page, which this listing opens directly.