NEW POD | BITCOIN NEWS EXCLUSIVE We sit down with the man who broke the Ledger supply chain attack wide open. Mark Karpelès (@MagicalTux), former CEO of Mt. Gox, and Zach Herbert, CEO of @FoundationHQ, join us to discuss the largest supply chain attack in crypto history. 🔸 Mark says he found the spy implant 3 weeks before the drain, tagged Ledger, and got no response 🔸 How a hidden cell modem read seed phrases straight off the screen and passed Ledger’s own check 🔸 Why a passphrase didn’t save you, and what actually would have 🔸 Mark says with $5M, he could build an implant you’d need an X-ray to find 🔸 Why the hardware wallet reseller model may be dead 🔸 What the future of self-custody looks like Watch on YouTube: youtu.be/-j9_EQuHEus 00:00 Ledger Supply Chain Attack Exposed 01:18 How Mark Discovered the Compromised Ledgers 04:29 $100 Million Stolen From Hardware Wallets 05:03 Opening the Ledger to Find the Implant 06:29 The SPI Implant That Reads Your Screen 09:56 How the Implant Steals Your Seed Phrase 13:51 The Hidden LTE Chip Phoning Home 17:00 The Timeline Behind the Attack Going Public 18:31 $86 Million Drained in 24 Hours 20:15 Did Ledger Know About This for Months? 24:00 The Malaysian Reseller Behind the Attack 26:56 How Hardware Wallet Companies Vet Resellers 30:21 Tracking the Stolen Crypto On-Chain 34:20 The Attack Spreads to Europe 36:05 Inside the Criminal Implant Supply Chain 39:10 Why Trezor Wasn't Targeted 42:08 Why Ledger Was the First Target 45:27 The Future of Hardware Wallet Security 50:20 Multi-Party Computation as the Fix 54:30 Making Self-Custody Easy for Newcomers 56:27 Why the Industry Must Professionalize 59:07 Staying Optimistic About Bitcoin's Future