Ledger investigates ninety million dollar hardware wallet compromise

Cryptocurrency hardware wallet maker Ledger confirmed it is investigating a major security breach after hackers drained 90 million dollars from its physical storage devices. PYMNTS and Bloomberg both reported on October 18, 2026, that the theft highlights growing security vulnerabilities in physical devices designed to safeguard digital tokens offline. [1][2]

Hardware wallets have long been marketed as the safest method for storing digital assets by keeping private keys disconnected from the internet. However, PYMNTS reported that a series of recent cyberattacks demonstrates that physical cryptocurrency devices can still be compromised by attackers. [1]

The loss of 90 million dollars marks one of the most severe attacks targeted directly at hardware wallet infrastructure. According to Bloomberg and PYMNTS, the incident raises fresh concerns for investors who rely on specialized cold storage hardware to protect their personal wealth from online theft. [1][2]