TREE NEWS update: Ledger has told buyers who purchased its wallets through CryptoBilis to leave unused devices uninitialized and to move assets off already-set-up devices to a new device with a new recovery phrase. The guidance follows confirmed tampering affecting wallets sold through the reseller. Owners are directed to treat existing set-ups as compromised and migrate holdings.
Ledger Advises CryptoBilis Buyers to Move Funds After Wallet Tampering
The significance here is the supply-chain angle: tampering occurred at the reseller level, not in Ledger's own production, which means the trust boundary now extends to every intermediary in the distribution chain. This affects buyers who sourced hardware through third-party channels rather than direct, and it undercuts the core assumption that a factory-sealed device is inherently safe to initialize. The open question is whether reseller-sourced hardware wallets face broader scrutiny, and how quickly migration guidance translates into actual asset movement.
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