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Mt. Gox’s Disgraced Ex-CEO Finds Redemption Exposing ‘Spy Implants’ in Ledger Devices

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Mt. Gox’s Disgraced Ex-CEO Finds Redemption Exposing ‘Spy Implants’ in Ledger Devices

Bitcoiners and other crypto users are still reeling, and in many cases sliding into a deep state of paranoia, after Ledger confirmed that at least one hardware wallet sold through CryptoBilis, an authorized Ledger reseller in Southeast Asia, was backdoored with a hidden hardware implant.

“Ledger can confirm that one of the impacted users’ devices contained an unauthorized hardware implant,” Ledger Support wrote on X on Saturday.

At the same time, the disgraced former head of Mt. Gox, the infamous bitcoin exchange that collapsed into bankruptcy in 2014 after losing roughly 850,000 bitcoin (worth about $272 million by the end of that year), is enjoying an unlikely redemption arc. Mark Karpelès, who was convicted in 2019 of falsifying data but acquitted of embezzlement and given a suspended sentence in relation to Mt. Gox, was already on the case in the middle of last month. “Spy implant in @Ledger Nano X, back in the days and now, that’s quite an evolution,” he posted on September 16th, alongside photos of an older implant and a newer one.

Need free data? Buy a cheap ledger off a dodgy seller, pull the sim out of the spy implant and enjoy while you can (law enforcement may visit you thinking you are the one making these).https://t.co/ycMuv98UHh pic.twitter.com/4tVCkrqlF0

He brought it up again on Thursday, roughly a day before Ledger’s first public warning about the issue. “Need free data? Buy a cheap ledger off a dodgy seller, pull the sim out of the spy implant and enjoy while you can (law enforcement may visit you thinking you are the one making these),” Karpelès wrote .


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