Trezor ends reseller program following Ledger hardware supply chain attack

Trezor announced it will end all authorized reseller agreements to shift toward a direct-to-consumer model after Ledger confirmed that devices sold by a Southeast Asian retailer contained malicious implants. The hardware tampering, which facilitated the theft of approximately $86 million in user funds, has prompted a broader industry review of distribution security. Ledger is currently investigating the breach while Tether has moved to freeze assets linked to the stolen funds.

Decrypt, bloomberg, Youtube, X public reporting

Price × Evidence /Market Movement

Will CryptoPunks floor price dip to 10 ETH before 2027?

Price & Evidence TimelineEvent markers, price moves, and evidence windows are presented in one reading surface.

Analysis /Evidence Base

Trezor Cuts Its Resellers After Ledger Finds Spy Implant in Crypto Wallets

Decrypt

Fact confidence: medium

Ledger Finds LTE Implant That Stole Recovery Phrases in Suspected $86M Drain

Decrypt

Fact confidence: medium

Ledger to Review Sale Policies After Crypto Spyware Attack

bloomberg

Fact confidence: medium

Ledger hardware wallets compromised with malware

Youtube

Fact confidence: medium

Hardware wallet users have nowhere to hide after Ledger hack

Fact confidence: medium

Crypto Hardware Maker Ledger Says Wallets Drained in Latest Attack

bloomberg

Fact confidence: medium

INFERY / RESEARCH VERDICT

Rating

Buy YES

YES undervaluedSignificant gapMedium confidence

The rule settles Yes on a single touch at 10 ETH or above, a bar the market treats as less likely than warranted.

“Yes”Fair price range10–100¢

Settlement needs only one touch at 10 ETH or above at any moment in the window, not a sustained floor.
Coverage since early October is about Ledger and Trezor hardware-wallet security, with no current CryptoPunks floor reading.

CURRENT MARKET

Will CryptoPunks floor price dip to 10 ETH before 2027?

⚠Risk: The valuation rests on the rule's touch-at-or-above reading rather than on an observed distance between the floor and the threshold; since CoinGecko's CryptoPunks chart is the sole resolution source, a different threshold or direction reading there would require recalculating the Yes edge.

Next watch: Track the CryptoPunks floor on CoinGecko against 10 ETH through the window; settlement uses that chart alone.

View basis

Research verdict is for reference only and does not constitute investment advice.