Ledger reveals how hidden chip stole recovery phrases in $93M hack

Crypto Insight Summary: Ledger revealed that a secret chip embedded in hardware wallets from its reseller CryptoBilis captured 24-word recovery phrases from the screen and transmitted them via the cellular network to the attacker, which researchers estimated to cost between $84.2 million and $93.2 million. The French firm revealed the details of the attack vector for the first... Crypto Insight Analysis: Direction: Bearish LEDGER / Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Hardware wallet security breach undermines trust in cold storage solutions, causing temporary market uncertainty.