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John Morrow

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@jmo_mx

aspiring f150 mechanic | fmr co-founder @gauntlet_xyz
this earthly realm Joined September 2011
6.4K Following 3.2K Followers 3.7K Posts

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John Morrow Verified account @jmo_mx
Is a ledger better in ANY way than just using an old iphone as your wallet? I can think of a lot of ways it's worse:
1) hard to verify transactions during signing
2) SC provenance clearly has issues (see below)
3) less battle-tested software / upgrade path than iOS
...
katexbt.hl Verified account @katexbt Oct 9
oh my god this is worse than we thought

here's @Ledger $86M exploits explained

> cryptobilis was a reputable and authorized Ledger/Trezor/OneKey dealer for over 4 years

> they decided to sell the company to a Chinese guy (most likely patsy for DPRK) from northern China in MARCH 2026

> the "Chinese guy" modded the devices within the supply chain itself (physical), namely Nano X devices, to contain an implant module

> ledger validity/genuineness check CANNOT detect this because hw wasn't actually tampered with, just spied on

> quoting @MagicalTux:

" implant just monitors what's shown on the screen, will take note of the seed as it's shown to you, then transmits it to 3rd party"

> former owner chimes in on X (pic below) to say that "they were under a NDA" to not mention anything to anyone for 6 months

> they obviously didn't alert any of their partners that they were authorized to sell devices of... because NDA, duh!! its in the name!

> conveniently, funds start getting siphoned a few weeks before this magical NDA due date, and being laundered across all blockchains
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