From Startup Fortune · · 1m 30s
Ledger Unveils $849 Crypto Phone Weeks After $90M Hardware Hack
Ledger's $849 crypto phone launches weeks after $90M hardware hack.
In brief
Ledger's $849 crypto phone launches weeks after $90M hardware hack. Ledger's new $849 crypto phone with isolated transaction signing chip ships in 2027 after a Southeast Asian reseller drained $90M-$102M via tampered devices. Originally reported by Startup Fortune.
Ledger's new crypto phone
Ledger's Atom is a $849 Android phone meant to hold crypto keys.
Hardware hack drained $90M-$102M
A Southeast Asian reseller sold tampered Ledger devices draining $90 million to $102 million from customers.
CryptoBilis reseller affected
CryptoBilis sold genuine Ledger devices across Malaysia, Indonesia, and the Philippines.
Attack method details
Attackers swapped out the battery for a smaller one, freeing space for an implant that read recovery phrases and transmitted them over LTE.
Ledger's security response
Ledger asked CryptoBilis to halt sales and told buyers to move funds to new wallets with fresh seed phrases.
Atom's key features
Atom has a second isolated chip for crypto transactions, a hardware kill switch, and quantum-ready encryption.
Ledger hires security chief
Ledger hired Oded Blatman as its new combined CIO and CISO amid $1.4 billion in crypto hacks.
Timing dispute with Mt. Gox ex-CEO
Mark Karpelès claims Ledger received spy hardware warnings as early as December 2025, months before public warning.
What's next for Ledger
Ledger's $849 phone ships in summer 2027 after a year-long delay due to supply chain security issues.
The bottom line
Ledger's new $849 crypto phone with isolated transaction signing chip ships in 2027 after a Southeast Asian reseller drained $90M-$102M via tampered devices.
