👀 The drama: Ledger CEO goes head-to-head with former Mt. Gox CEO
Ledger CEO Pascal Gauthier publicly fired back at Mark Karpelès:
"Give me a break. You’re no white knight—get real."
How it started: Karpelès previously unboxed a Ledger and found a spy chip inside. He then revealed that Ledger had known since March about mass-produced devices with implants, but only published an obscure article on Ledger Academy.
In other words: A loud warning sooner could have prevented $90 million in user losses.
Gauthier’s point: Security work is hard. He appreciates the concern, but asks people to stick to the facts and stop speculating.
But in the same exchange, Ledger admitted to a major flaw—
Its Genuine Check verification process cannot detect this kind of implant if the security chip is still intact and original.
In other words, “Officially verified” ≠ “The device hasn’t been tampered with.”
$BTC $ETH $SOL
Background: The CryptoBilis distributor’s scheme involved modifying devices to add a module that secretly transmitted users’ 24-word recovery phrases. Ledger has told distributors in several Southeast Asian countries to stop selling and pull the products, while Trezor has also cut back its distributor network.
Did you get your hardware wallet from a distributor or buy it from the official website?
For reference only; this is not investment advice.
Ledger CEO Pascal Gauthier publicly fired back at Mark Karpelès:
"Give me a break. You’re no white knight—get real."
How it started: Karpelès previously unboxed a Ledger and found a spy chip inside. He then revealed that Ledger had known since March about mass-produced devices with implants, but only published an obscure article on Ledger Academy.
In other words: A loud warning sooner could have prevented $90 million in user losses.
Gauthier’s point: Security work is hard. He appreciates the concern, but asks people to stick to the facts and stop speculating.
But in the same exchange, Ledger admitted to a major flaw—
Its Genuine Check verification process cannot detect this kind of implant if the security chip is still intact and original.
In other words, “Officially verified” ≠ “The device hasn’t been tampered with.”
$BTC $ETH $SOL
Background: The CryptoBilis distributor’s scheme involved modifying devices to add a module that secretly transmitted users’ 24-word recovery phrases. Ledger has told distributors in several Southeast Asian countries to stop selling and pull the products, while Trezor has also cut back its distributor network.
Did you get your hardware wallet from a distributor or buy it from the official website?
For reference only; this is not investment advice.