In this breakdown of the Ledger supply chain hack, I walk through how a tiny hardware implant turned legitimate hardware wallets into seed-stealing spy devices. I cover who’s actually at risk, why buying from resellers is a ticking time bomb, and what self-custody conditions are now non‑negotiable for serious bitcoiners. This isn’t the end of self-custody but a painful step we have to take to make it robust enough for the world we’re heading into.

Chapters

(00:00:00) – The Great Hackening continues

(00:02:05) – Resellers and attack surfaces

(00:02:38) – Timeline and who’s at risk

(00:03:53) – Inside the Ledger implant

(00:06:06) – Genuine check still passed

(00:07:00) – Who is actually at risk

(00:09:51) – Is self-custody dead?

(00:13:37) – What does this change

(00:15:45) – Conclusion

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