CandleFocus

Lebanon pager attacks spark crypto supply chain fears

Author: Content Editor
The recent attacks in Lebanon, where pagers and walkie-talkies remotely detonated, have raised concerns about potential supply chain attacks in the crypto industry. While the attacks in Lebanon are not directly related to crypto, they highlight the vulnerabilities in the manufacturing and supply chain processes of electronic devices, including hardware wallets used for storing digital assets. Hardware wallet manufacturers are implementing security measures such as spot checks, interviews, and undercover workers to counteract these risks. Although there have been few hardware hacks in crypto's history, the events in Lebanon have increased worries within the crypto community. It is challenging to determine if hardware devices from major manufacturers are compromised, but some users opt for multi-signature wallets with devices from multiple vendors to mitigate the risk.

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