Ledger unveils smartphone-like crypto wallet while dealing with a supply chain attack
Hardware crypto wallet maker Ledger has announced a new device, Ledger Atom, that resembles a smartphone with enhanced security. The announcement comes as the company is dealing with a supply chain attack.
Ledger, a maker of hardware cryptocurrency wallets, has announced a new device called Ledger Atom. According to the report, it resembles a smartphone in both looks and function, but with reinforced security. Hardware wallets are physical devices used to hold access to digital currencies.
An awkward moment for the announcement
The launch of the new device coincides with a period in which Ledger is trying to cope with a large-scale supply chain attack. In such attacks, hackers target stages of a company's supply process rather than going directly after end users.
Blockchain analysts estimate that cryptocurrency worth about 91.2 million was stolen from 324 wallets in the attack. The available part of the source text does not state the currency of this figure or give other details of the attack.
Why it matters
Security is the main selling point for makers of crypto wallets. Announcing a security-focused product at the same time as a theft of funds is therefore particularly sensitive for the company's reputation. The available excerpt gives no information on the price, release date or technical specifications of Ledger Atom.
