Why a $100M Ledger Reseller Attack Has Crypto Rethinking Self-Custody

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Ledger users who bought devices through an authorized reseller in Malaysia were drained of an estimated $100 million across six chains, and Ledger confirmed an unauthorized hardware implant in at least one device.

Austin Campbell and Chris Perkins weigh whether the attack is contained, why Chris says this may be the moment for intermediaries, and why Austin argues self-custody users have misread their security surface all along.

Hosts:

• • Austin Campbell – Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern
  • Chris Perkins – Co-host of Bits + Bips and Head of Franklin Crypto

This clip is from a longer conversation on Token2049, the Ledger reseller hack, AI and cryptography, rising yields, and the economics of AI. Full episode here.

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