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Genuine Ledger devices sold through the reseller CryptoBilis shipped with an LTE chip and eSIM wired inside, intercepting seed phrases on their way to the screen. The losses are estimated at $70 million to $100 million over roughly four months.

Kain Warwick, Taylor Monahan, and Austin Griffith trace how the implant passed Ledger’s genuine check, why panicked users are now losing money to phishing and fake apps, and whether an iPhone or a DIY build makes a better hardware wallet.

They also cover the recording device planted in OpenAI’s office, the decade-old XRP infinite mint bug that earned a $250K bounty, and why Taylor finds Google’s Chrome payouts and $40K compute bills the more interesting math.

Then StarkNet’s talk of becoming an L1 turns into a debate over whether Ethereum will need L2s at all. Kain’s answer: the most Ethereum-equivalent chain is Ethereum itself.

Hosts:

    • Kain Warwick – Host of Uneasy Money and Founder of Infinex and Synthetix
    • Taylor Monahan – Co-host of Uneasy Money and Security Expert
    • Austin Griffith – Co-host of Uneasy Money and Builder Enablement at Ethereum Foundation