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The Economic Times

Global Business / The Economic Times

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The Crypto devices built to foil hackers came with spies inside

In Malaysia, CryptoBilis faces an investigation after numerous customers experienced thefts from hardware wallets. Reports from Ledger SAS link these crimes to a group of criminals who modified the wallets. Victims' losses total over $90 million, raising red flags among cybersecurity experts who emphasize the vulnerabilities present in cold wallets meant for cryptocurrency storage. These events stress the critical need for improved safety mechanisms in the management of digital assets.

18 Oct 2026 10:52 am