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TRX $0.3318 +0.32%
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HYPE $81.65 +2.99%
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ZEC $1,337.13 +12.91%
AAPL $343.90 +0.86%
AMZN $262.56 -0.16%
GOOGL $333.25 -2.59%
MSFT $531.94 0.00%
META $711.50 +2.88%
NVDA $220.34 +1.55%
TSLA $386.74 +3.50%
SNDK $1,386.52 +0.54%
INTC $92.65 -0.70%
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Ledger: Criminal gangs spent millions of dollars to carry out hardware implant attacks, which are part of local distribution channel attacks

Ledger released a report on the investigation of hardware implant attacks, stating that a highly organized criminal gang purchased genuine Ledger devices over several months, disassembled them, and implanted custom hidden components to steal users' recovery phrases when initializing the devices. They then resold the devices through Southeast Asian distributor channels.The attackers invested millions of dollars to build infrastructure for collecting recovery phrases, asset transfers, and money laundering, coordinating actions to transfer victims' assets. Ledger emphasized that this incident was not caused by vulnerabilities in the chip, operating system, or servers, but rather a localized distribution channel attack that occurred after the devices left the company's control. Currently, Ledger has requested authorized distributors and resellers in Southeast Asia and Hong Kong to suspend sales and conduct random checks on inventory and retail channel devices, finding no other tampered devices.Additionally, Ledger has requested authorized distributors not to resell any returned devices, even if the packaging is intact; they have also immediately prohibited displaying products on shelves or in display areas, requiring devices to be stored at the back of the store and delivered upon purchase. The company is working with law enforcement and the security community to track the stolen funds and will disclose more technical details in the future.

Huobi HTX Chief Analyst Cloud: The direction of Bitcoin awaits the determination of CPI, with the lower edge of $81,000 likely to be tested first

Bitcoin has retreated from around $86,000 at the beginning of October, fluctuating in the range of $81,000 to $84,000 in recent days, while the US dollar has strengthened and US Treasury yields remain high. Cloud, the chief analyst at Huobi HTX, believes that the likelihood of breaking down from the fluctuation range is greater.The ISM services price index rose to 74.0 in September, the highest since July 2022, and the one-year inflation expectation from the University of Michigan rose to 4.7% in October. The rise in price components and inflation expectations indicates that the probability of CPI exceeding expectations this Thursday is not low; if this materializes, the pricing for interest rate hikes at the end of the year will be further strengthened, and the lower bound of $81,000 will be tested first. Only if CPI is below expectations will the breakthrough of the upper bound of $84,000 have sustainability.The recent decline in chip stocks is mainly due to the repricing of AI capital expenditures and hardware profit expectations. The retracement of Bitcoin is smaller, indicating that its pricing is more aligned with macro liquidity, and its correlation with the AI narrative is weakening; however, this divergence is temporary. Once the US dollar and long-term interest rates regain dominance in pricing, the linkage will quickly strengthen, with the CPI announcement on Thursday evening serving as a recent testing window.
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