Cybersecurity researcher uncovers fake Ledger sold on Chinese marketplace

The researcher said they examined the fake Ledger device’s firmware and found signs pointing to a Chinese semiconductor company named Espressif Systems.

Update April 18, 3:00 am UTC: This article has been updated to include comments from a Ledger spokesperson.

A Brazilian security researcher has warned others of the latest counterfeit Ledger device scam aimed at stealing users’ crypto.

Posting as “Past_Computer2901” on the “ledgerwallet” Reddit channel on Thursday, the security researcher said they purchased what they thought was a legitimate Ledger device for personal use, but soon realized after it arrived that it was a sophisticated counterfeit aimed at stealing user funds. 

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