Ledger confirms hidden chip in crypto wallet amid $92M theft claims

Ledger, a company that makes hardware cryptocurrency wallets, has confirmed that a hidden chip in one of its wallets was used in a $92 million theft. The theft occurred in 2022, and it is alleged that the chip allowed the attacker to bypass the wallet's security features and steal the funds. Ledger has since updated its software to prevent similar attacks. The company has not disclosed the exact nature of the chip or how it was exploited, but it has stated that it is working with law enforcement to investigate the incident.