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Former Mt. Gox CEO Develops Device to Detect Ledger Wallet Spy Implants

Image: Econotimes. Rights remain with the publisher.

Former Mt. Gox CEO Mark Karpelès is developing an affordable security device designed to detect hidden spy implants inside Ledger hardware wallets, following reports of compromised cryptocurrency wallets linked to significant financial losses. Karpelès announced the project on X, proposing a way for Ledger users to identify suspicious hardware modifications without opening or dismantling their devices.

The initiative aims to provide cryptocurrency investors with an accessible method of checking wallet security amid growing concerns about physical tampering. The proposed detector would use…

Read the full report on Econotimes

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Business
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Stock market
First reported by
Econotimes
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econotimes
Published
Monday, 19 October 2026, 3:26 am IST
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