Spy chip in hardware wallets drains $100M+ from 300+ wallets; distributor suspected

A supply-chain attack compromised over 300 hardware wallets, with over $100 million in cryptocurrencies stolen via a spy chip inserted during distribution. The investigation points to an authorized distributor serving Malaysia, Indonesia, and the Philippines as the likely source, though the full scope and method remain under investigation. This highlights the risk of trusted hardware supply chains in crypto custody.