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CryptOstrich retweeted
Mark Karpelès
@MagicalTux15h
Multiple people have been posting on X on their confirming the discovery of the exploits and posting varying amounts of details. I would consider this in the wild now. xitter.cf/MagicalTux/status/2112…
Mark Karpelès
@MagicalTux17h
So yea about that new RCE in PHP, if it took me ~10min to find, you know it's already into some bad hands.
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Voici toutes les sécurités Tangem que Ledger ou les wallets mobile n'auront jamais : - 3 cartes fournies donc 3 backups de ta clé privée dans 3 endroits distincts, protégés par un PIN (impossible à brute-forcer), résiste donc à 2 cambriolages/incendies/pertes consécutives. - résiste aux implants espions, car intégrer des composants eSIM+4G+antenna+battery sur une carte de 0.84mm serait impossible ou extrêmement couteux, et ce dispositif n'aurait même pas accès au contenu du Secure Enclave (c'est un jeu d'enfant sur Ledger où il suffit de lire le bus qui transmet l'affichage à l'écran en clair) - impossible de te drain juste en contrôlant ton phone (les wallets mobile peuvent spend sans ton accord, Tangem requiert un tap avec ta carte NFC pour valider un blind sign, et les paranos peuvent l'utiliser sur un iPhone dédié) - gère l'heritage à ta mort car ta famille retrouve la seconde carte chez toi et peut accéder à tes fonds en fusionnant ta carte avec leur backup chez eux sans connaitre ton PIN code (option désactivable pour les paranos) - mémorise ta seed pendant au moins 25 ans (Ledger n'ose même pas communiquer sur la durée de vie de leurs devices, et se déclarera irresponsable si ta Ledger écrase sa mémoire lors d'un firmware update, car t'avais qu'à remplir ta paper seed que ta cleaning lady trouvera sous ton lit) Je martelle ça depuis 3 ans, mon but n'est pas de promouvoir Tangem (j'ai aucun referral), mais que l'industrie crypto comprenne que ce standard est de loin le meilleur pour 95% des users normie, et qu'elle développe des alternatives dans ce format en closed ou open-source.
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CryptOstrich retweeted
Crypto bank custody coming soon Also store majority of your long term crypto in a way where even you can’t access it easily even if you wanted to.
if you live in the uk and do crypto get the fuck out just got my house invaded, taped up held at knife point & robbed for $800k in so much shock i dont know what the fuck to do, fuck this country. No this is not satire, i fucking wish it was. wallet with stolen funds solscan.io/account/B3pMs331k…
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CryptOstrich retweeted
Mark Karpelès
@MagicalTuxOct 13
Ledger Flex sold at Singapore Airport confirmed to contain a spy implant! @BenYorke found suspicious marks on his @Ledger and sent it to me rather than using it, that was probably the best decision here. youtube.com/watch?v=Nf4FEFlg… xitter.cf/BenYorke/status/210908…
I have a $300 @Ledger Flex that I bought from the Singapore airport in summer (Metapod, should be fine?) I never plugged it in but it looks like theres some scratches on the casing, an indication of potential tampering? Anyways theres no way i can trust it (or Ledger) now
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CryptOstrich retweeted
Having been the only country to dox all known crypto holders to organised crime groups, France now wants a list of everyone holding €100k+ of Bitcoin in self-custody If you don't declare it: €10,000 fine If you do declare it: Wrench attack / kidnapping Can't make it up
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CryptOstrich retweeted
Mark Karpelès
@MagicalTuxOct 12
A supplier in Europe is *currently* selling spy Ledgers. This means the issue is far from being limited to CryptoBilis. xitter.cf/0xJohannes_/status/210…
Johannes (4, 4)
@0xJohannes_Oct 12
UPDATE: I can confirm that the Ledger supply chain is compromised in Europe as well. @Ledger should initiate an immediate product recall to protect users. I just purchased a second device from a different Mediamarkt location today, recorded the unboxing process, and discovered spyware once again (video linked in the second tweet). The device was compromised in the exact same manner, featuring identical modifications (such as additional cables and an LTE module). This indicates its a widespread issue rather than an isolated incident, potentially affecting Ledger inventory across MediaMarkt and Saturn stores throughout Europe (comprising over 1,000 stores across 11 countries). My initial hypothesis was that these devices were returns that looked unopened to the employees and were just sold again as new however, a MediaMarkt employee confirmed that the device I purchased was not a return, and that returned Ledgers are sent directly back to the manufacturer rather than resold. Store records show the inventory originated from Aqipa GmbH. While Ledger's CTO was unsure if Aqipa serves as the direct distributor between Ledger and MediaMarkt, it appears to be the case. Given that Aqipa distributes across Europe, any physical retail store receiving stock through them may be at risk. I sent the first ledger to mark and the second one is going to ledger now, so that they can analyse it. If you purchased a ledger from anyone other than the official ledger store, make sure to check your device!!
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CryptOstrich retweeted
What’s inside a Ledger Flex? After receiving device photos from two viewers, I opened up my own Flex to compare the back panel, antennas, battery, and space beneath the internal cover, and see how the devices differ. This video shows the full teardown, focusing on the additional module, antenna, and “Flex Eurasian Version V12” marking visible in the viewers’ photos, to help you recognize signs of possible hardware tampering. Photo comparisons can reveal structural differences. The module’s exact function and how the assets were stolen still require further technical investigation. Finding no additional module during a teardown alone does not confirm that a device is completely safe. #LedgerFlex #ColdWallet #HardwareWallet #CryptoSecurity
Someone has sent me information about a Ledger Flex that may have been physically tampered with. The wallet has been opened, revealing what appears to be an added communication chip. Its exact function and purpose still need to be verified. I’m currently waiting for their permission to share the material. Once I have it, I’ll publish the details as soon as possible so we can take a closer look at what happened. Whether this is the first known case worldwide remains unconfirmed.
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CryptOstrich retweeted
Mark Karpelès
@MagicalTuxOct 11
Replying to @3dogsP
And if you're unsure about what you find inside: xitter.cf/MagicalTux/status/2109…
Mark Karpelès
@MagicalTuxOct 11
How to recognize the implants you can find on a Ledger Nano X today? Learn about the Ledger Nano X display test pads, which one is the most important to watch for, and what today's known implants look like. youtube.com/watch?v=A-R7Sm0E…
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CryptOstrich retweeted
Mark Karpelès
@MagicalTuxOct 11
Opening and closing a Ledger Nano X
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CryptOstrich retweeted
this is the most DANGEROUS thing on internet today REA (Reverse Engineer Anything) - this open source MCP lets your AI agent reverse engineer any app, down to the binary i just reverse engineered TradingView, now I am using their premium indicators for FREE - software is cooked here is how to use REA to reverse engineer TradingView: 1. point REA at TradingView's publicly observable interface and map every major feature, from chart interactions to indicators and alerts 2. trace how the interface behaves when you switch symbols, change timeframes, add indicators, draw levels, and update chart layouts 3. use REA's available MCP tools to investigate authorized software artifacts and trace application logic wherever the evidence allows 4. feed those findings into Claude Opus 5.5, which turns the investigation into a technical specification and an implementation plan 5. rebuild the charting engine independently, with real market data, candlesticks, technical indicators, drawing tools, and persistent watchlists 6. add a quant backtesting engine that tests strategies against historical data, accounting for fees, slippage, and drawdowns 7. test every component, compare its behavior against documented and observable results, fix failures, and keep iterating until the system actually works 8. you end up building your own TradingView-style quant research terminal from scratch, with source code you control and features you can keep extending i won’t say anything more:
Jev is the FASTEST AI model ever built for trading It makes calibrated buy/sell decisions in under 100 ms That is one real decision on every single block, 24/7 In this article I've shown EXACTLY how to build HFT trading system with Jev (from scratch)
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INTEL: Kraken plans to launch in the UAE with dirham deposits and withdrawals after its parent company Payward secured full regulatory approval from Dubai’s VARA
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CryptOstrich retweeted
Mark Karpelès
@MagicalTuxOct 9
This looks like this could be exactly what I'm investigating. Anyone affected, please contact me or open your ledger and send me pictures so we can confirm if there's a bug in there (pictures: ledger board on top, spy implant below). xitter.cf/Ledger_Support/status/…
Ledger Support
@Ledger_SupportOct 9
Ledger is investigating reports of loss of funds from users in South East Asia who purchased products from a reseller named CryptoBillis. As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices. We recommend Ledger users who purchased from this reseller in the last 90 days to not initiate set up if you have not done so yet. If you have set up your Ledger device, consider moving assets to a new Ledger signer (with new seed). We will continue to inform customers of updates as the investigation progresses. Reach out to Ledger customer support through official channels with any questions: support.ledger.com/
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CryptOstrich retweeted
I don't recommend anyone scramble to move their funds to new wallets today. But we should take the risks to cryptography from AI-accelerated math seriously, and minimize our exposure to not just quantum-vulnerable cryptography, but also potentially AI-vulnerable cryptography. The core new area of risk from this viewpoint is, unfortunately, ML-DSA / FHE / lattices. (and it's also another reason, along with quantum, why ECDSA might fall even faster than expected, hence the "fresh address" recommendation) So far most people have been in the mode of thinking "elliptic curves broken, hashes safe, lattices safe". But there is a good chance that the concrete security of lattices will take serious hits from the next two years of AI math. The basic threat model is: factoring is something that naively takes 2^(n/2) time, but over decades smart people have found and optimized number field sieves, and degraded that to 2^O(n^(1/3)), which is why RSA keys and signatures need to be ~400 bytes (and not 64 bytes). What if there are skeletons in the closet like that, both for elliptic curves and lattices, that we are simply not smart enough to discover - but bots soon will be? This is a major part of the reason why for the past year ethereum's lean roadmap has been going in the "hash-only" direction: no lattices, no ML-DSA, no Falcon, no lattice-based commitments inside ZK proofs, etc. Signatures in lean ethereum are all hash-based, either WOTS or SPHINCS-. For signatures and proofs, we already know how to go hash-only. The bigger challenge is for *public-key encryption* - and this goes far beyond blockchains. Secure communication, anonymizing protocols, lots of things need public-key encryption. And unfortunately there are long-standing mathematical theorems showing why public-key encryption cannot be done with hashes alone. You have to have some kind of trapdoor object that has at least one form of usable "structure" - either group theory (incl. isogenies) or lattices or code-based or potentially in the future even more newfangled and spooky things (local mixing?). But for anything that has structure, you should assume that AI will make at least some progress in breaking that structure. Here, one reasonable inference is that if you want to make something plausibly long-term secure, multiply the key sizes by 10. To me that's a very plausible world and something not at all extreme to predict. If AI will bring us 50 years of math in 2 years, then that 50 years of math may very plausibly include a "naive factoring -> GNFS" level of improvement to our ability to break lattices. In that world, lattices will still exist, but they will have to be significantly bigger to guarantee the same level of safety. And at those new larger sizes, hash-based constructions will beat lattice-based constructions on concrete efficiency in every use case where hash-based constructions are possible at all. Theoretically, of course it's possible that hashes are broken too (eg. P = NP would imply that). But I think P = NP is very unlikely. And intuitively, it's much more likely that a mathematical object has exactly no exploitable structure (like hashes are intended to), than that a mathematical object has exactly ~3 forms of exploitable structure (for elliptic curves: associativity, Schoof, pairings) and not some secret fourth form of structure we have not yet discovered that greatly degrades its security (for elliptic curves, ECDLP and pairing security). Similar for LWE, SVP, RLWE and the zoo of lattice problems. For this reason, we do not yet see any reason to worry and start padding the byte size of hashes (if we start to worry more, we would pad the round count first before doing anything to the byte size). Concrete TLDR, my own personal views: * Hash-based > lattice-based, in those situations where hash-based is possible at all * For anything lattice-based, be much more paranoid on param sizes. Remember that blockchains are only a small portion of the cryptography story; this point goes far beyond blockchains and applies to eg. access to websites, secure messaging, Tor / VPNs ... * For privacy protocols, strongly favor NOT putting encrypted notes onchain. Instead, send them offchain through some third-party mechanism. * If it's not difficult for you, keeping your funds in addresses which have not yet been used to make a transaction is a good idea. If it's easy for you, do it. **But be careful about migrations; I personally have lost more money in botched migrations than I have lost in all hacks combined**. * For multisig wallets, doing confirmations offchain is better than onchain, because this way the signatures of signer wallets do not get exposed to the public, so if ECDSA falls to AI much faster than expected, at least the multisig "gracefully degrades" to a 1-of-1 where the 1 is whoever was gathering the signatures - a much better place to be than "anyone can take the money" firefly.social/post/x/210783…
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CryptOstrich retweeted
JUST IN: Airbnb host allegedly used an AI-generated image of a toilet overflowing with human waste to demand $1,700 from a guest.
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CryptOstrich retweeted
Price remembers nothing, but traders do; yesterday's support, resistance, gaps, and failed breakouts matter because people who bought, sold, missed, or got trapped there may behave differently when price returns.
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CryptOstrich retweeted
Half of stock trading is understanding whether the stock market is currently in a risk-on or risk-off mood.
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INTEL: KYC should collect less personal data and use zero-knowledge proofs to verify compliance without revealing names, income or addresses, SEC Commissioner Hester Peirce says
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CryptOstrich retweeted
🇪🇺 That subjects fully reserved stablecoins to fractional-reserve banking risk. If 60% of the reserves sit as deposits inside commercial banks, the stablecoin may be 100% backed on its own balance sheet, but 60% of that backing is now exposed to bank counterparty risk. We already saw the problem when USDC lost its peg during the Silicon Valley Bank collapse. This is exactly the problem we faced when we tried to create a full-reserve bank. We could never get the Bank of England banking licence we needed. You can create a full-reserve stablecoin, but if regulators force the reserves back into commercial bank deposits, you put fractional-reserve banking underneath it. Full reserve stablecoin. Fractional reserve bank underneath it.
🚨BREAKING: 🇪🇺The ECB and all 27 EU central banks call to scrap MiCA’s rule forcing major stablecoin issuers to keep 60% of reserves in bank deposits. They argue issuers should not face a minimum bank-deposit requirement because volatile stablecoin flows could expose lenders to sudden deposit withdrawals. Instead, they want issuers to hold more reserves in highly liquid assets maturing within 1–5 working days.
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CryptOstrich retweeted
The first stage of wealth is buying things. The next stage is buying assets. The final stage is buying back your time. Financial independence is when your money starts purchasing freedom instead of more possessions.
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CryptOstrich retweeted
One of the biggest upgrades in trading is learning that every opportunity has a price. You can wait for more confirmation, but you may sacrifice reward-to-risk. You can enter earlier, but you accept more uncertainty. You can use a wider stop, but you must reduce size. You can demand more profit, but you accept giving more open profit back. You can trade more frequently, but you accept weaker average opportunities. There is no perfect trade. Every advantage you demand from a trade usually requires accepting a disadvantage somewhere else.
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