CZ Urges Crypto Users to Prioritize Wallet Security Amid Rising Risks
Zhao previously advised users to keep newly purchased hardware wallets and newly downloaded software wallets separate from their main funds for several weeks. He recommended monitoring security reports before transferring large amounts…
Cryptonews.net
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Oct 10, 2026 at 10:41 PM UTC · 1 dk okuma
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Zhao previously advised users to keep newly purchased hardware wallets and newly downloaded software wallets separate from their main funds for several weeks. He recommended monitoring security reports before transferring large amounts of cryptocurrency.
Related: $XRP Ledger Fixes Exploit That Could Create and Spend $XRP Without Payment
The advice follows reports of $86 million to $87 million in losses linked to a third-party Ledger reseller in Southeast Asia. Attackers allegedly replaced instructions containing seed phrases. Ledger said its manufacturing process, firmware, and official software had not been compromised.
Suspicious Ledger Device Raises Questions
Former Mt. Gox CEO Mark Karpelès reported finding a small component inside a Ledger device shipped from Malaysia. He described it as a “spy SIM card,” but its function remains unclear. No confirmed link to the reported losses has been established.
XRP moved from $1.423 to $1.371 over the last 30-day period, a decline of 3.6 percent.
Source: Kraken · NewsLayer Markets · Updated birkaç saniye önce
My spy-implanted ledger came from Malaysia, and had flawless shrink wrap. Even opening it, at first you don't see the implant which is cleverly hidden where the screen's padding is supposed to be.
— Mark Karpelès (@MagicalTux) October 9, 2026
Follow Ledger's guidance to check yours: https://t.co/FlOjWvqkZw pic.twitter.com/D8mixF1o9L
The finding does not prove hardware wallets are inherently unsafe. It highlights the importance of verifying device sources and protecting recovery phrases.
Related: TRON Tests Quantum-Resistant Technology: Are Bitcoin, Ethereum, and $BNB Ready?
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Originally reported by Cryptonews.net
NewsLayer coverage based on externally reported material.
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