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Incident record · Under review

Ledger: Security incident

Ledger says the hidden chip reads the 24-word phrase off the screen during setup, leaving the Secure Element and its software untouched.

StatusUnder review
Reported loss$86.0M
ChainNot specified
Confidence55%

Evidence boundary

Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.

Sources

Record history

First seen: 2026-10-13T11:53:15.000Z. Last updated: 2026-10-13T13:32:43.036Z. Revision: 1.