Whale Alert Whale Alert Whale Alert

Autheo THEO token plunges 92% after suspected bridge exploit

first published 2026-10-13T08:32:06Z
Security Crime
Ledger says its Donjon team found an unauthorized hardware implant inside a Ledger signer sold by Southeast Asian reseller CryptoBilis. The implant can read 24-word recovery phrases shown during setup and transmit them over an LTE connection via eSIM while leaving the Secure Element and signing process unchanged. Ledger says all verified fund losses involved devices bought through CryptoBilis, which has suspended sales during the investigation.
AI Analysis
The article reports a security issue affecting wallet recovery keys and verified fund losses tied to devices from a specific reseller, which is directly negative for users and can prompt near-term caution. It is concrete and market-relevant because it involves compromised wallet hardware and theft risk.
Expected Investor Sentiment: Bearish
Potential Market Impact: High
Source Articles