This has been a developing story and I hadn’t seen good reporting, with this video taking you through the highlights, though the blog post linked in the description has pictures and lot more detail. This is nation state level hacking thrown in with how this reseller was taken over with all these units shipped. And inserting a board to intercept the seed words and exfiltrate it through cellular data is brilliant. And around $86 million has been stolen so far. It seems this reseller was sold to a sketchy person or group with an NDA so the original owners couldn’t comment, which makes me think they’re co-conspirators, and supposedly this was communicated to Ledger who might of left the reseller authorized? Well, if none of the previous Ledger security issues or their closed source code was enough to make you flee this company, this should settle it. This isn’t too long after the Cold Card fiasco, and during a time when some countries are wanting to require custodial services for crypto, so could this be nation state actors running a scheme to harm self-custody confidence, scaring people into ETFs or custodial services? We are approaching a major financial crisis, and custodial services can be hacked or nation states could just confiscate it. The timing with other hacks in the space is incredibly suspicious.