Ledger has suspended its reseller network across Southeast Asia following the theft of over $103.4 million from 530 addresses. The breach involved tampered hardware wallets inserted into the supply chain, which recorded seed phrases. Chainalysis reported that one victim was a scammer who lost 60 Bitcoin, valued at approximately $4.8 million.
In response to the security incident, Ledger launched the Atom device, priced at $849. The company claims this new model includes protections against the implants used in the Asian supply chain attacks. Meanwhile, Trezor is closing some of its remote resellers starting January 1 to ensure stricter security oversight.
South Korean authorities are blocking access to 27 unregistered crypto exchanges, including KuCoin and MEXC. Additionally, the Financial Services Commission identified cybersecurity gaps in 130 of 555 financial firms and plans to tighten regulations. Thailand has finalized rules allowing Bitcoin and Ether ETFs to list on its main stock exchange.
Australia's securities regulator, ASIC, has opened consultations on new capital and custody requirements for crypto platforms. In the UK, the High Court ruled that Chinese law governs claims to 61,000 Bitcoin seized from a fraud scheme. Meanwhile, Revolut announced a $273 million investment in its Singapore operations over the next five years.
