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Ledger Announces New Phone-Like Crypto Wallet at the Worst Possible Time

Ledger is also facing increasing scrutiny for how it dealt with earlier reports of backdoored devices months before crypto wallets were drained.

Tarun Mottlia

Via Gizmodo

·Excerpt
Ledger Announces New Phone-Like Crypto Wallet at the Worst Possible Time
Image: © Ledger

Crypto hardware wallet manufacturer Ledger is still dealing with a supply chain attack on its devices that on-chain analytics firm Bitquery has now tied to $102 million taken from 324 wallets, though Ledger has not confirmed that figure. But that isn’t stopping the company from unveiling a new device that looks and acts a lot like a traditional Android phone, with a variety of security-focused alterations.

The Ledger Atom, announced on Thursday, comes with a secure chip that controls the…

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