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1h ago · CoinTelegraph

Ledger attack spreads to EU, AI finds ’18 trillion XRP’ bug: Hodler’s Digest

An user reports buying a tampered Ledger from a big retailer in Europe. Security researchers use AI to uncover a “$94 billion” XRP bug — but receive just a $250K bounty. A tampered Ledger attack that has already seen an estimated $93.4 million taken from Asian hardware wallet users, has reportedly spread to Europe.

X user Johannes has presented photographs of a tampered Ledger he said he purchased two weeks ago from the European consumer electronics chain MediaMarkt. The implant inside appears to be an earlier version of the one found linked to CryptoBilis shipped devices in Asia, and no funds have been taken. “Either the device didn’t work, or they were waiting for a more widespread usage of the compromised devices,” he said. Former Mt Gox CEO Mark Karpeles, whose investigations into the tampered Asian Ledgers helped bring the problem to light, said the antenna in the device says it is the “Eurasian version” suggesting separate versions of the implant have been sent to regions that use different mobile frequencies. Ledger has not confirmed the reported European device is part of the same attack. “PSA the ledger incident isn’t limited to Asia,” wrote European X user Johannes. Source: Johannes. The sophisticated attack hit Ledger devices in Asia late last week, after devices from the official reseller CryptoBilis — which had recently been sold to a new owner — were found to be modified in a way that apparently enable attackers to read the seed phrase and steal funds even as though the device is still able to pass authenticity checks. Ledger has asked CryptoBilis to suspend sales and shipments of its devices as a precaution and advised customers who had purchased devices from the reseller within the past 90 days to consider transferring their assets to a new Ledger. “The volume of impacted devices is limited,” it said in its most recent> update today. CryptoBilis is listed as an authorized Ledger reseller in Indonesia, Malaysia and the Philippines. Cybersecurity outlet Yfarmx estimated the losses at $93.4 million across 471 addresses, but this figure has not been confirmed by Ledger. Security firm Veria Labs has been paid a $250,000 bug bounty for uncovering an overflow bug hidden in XRP’s code since 2015. It claims that a single transaction could have printed >trillions of XRP out of thin air. The bug has been patched and there is

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AI Analysis:

🦊 Nova's Take A tampered Ledger bought at MediaMarkt shows the supply-chain attack has jumped from Asia to Europe, meaning retail hardware wallets can no longer be assumed safe out of the box. The XRP "bug" story is a separate wake-up call: AI-assisted researchers found a $94B-class flaw yet were paid only $250K, exposing how badly bug bounties underprice critical infrastructure risk. 📊 Market Impact Short term, this is a sentiment hit on self-custody and XRP (likely $2.10–$2.40 range chop on headline noise), not a systemic solvency event. Mid term, expect renewed flows toward exchange custody and regulated custodians, plus louder calls for hardware-wallet attestation and higher bounty standards. 💡 Trading Advice Don't trade the headline — no direct price catalyst here, so avoid chasing XRP or wallet-token pumps on this news. If you hold size in self-custody, verify device provenance now, and keep position sizing disciplined until the story clarifies. Just my read, not financial advice — manage your risk. 🦊

Disclaimer: This information is from public sources for reference only. Traceless does not guarantee accuracy.

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