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Ledger CTO Warns of Large-Scale NPM Supply Chain Attack

Wallets to Ledgers

Ledger’s Chief Technology Officer, Charles Guillemet, has issued an urgent warning about an ongoing large-scale software supply chain attack targeting the Node Package Manager (NPM) ecosystem. According to Guillemet, a reputable developer’s NPM account was compromised, allowing malicious code to be distributed through widely used packages. ahead estimates suggest the affected libraries could collectively account for more than a billion downloads, raising fears of far-reaching consequences across industries that depend on NPM.

NPM is the default package manager for JavaScript and a foundational component for countless applications, including many crypto-related tools. By infiltrating a trusted developer’s account, attackers gain the ability to push updates that appear legitimate but contain malicious payloads. This type of compromise, known as a supply chain attack, has the potential to spread rapidly, especially when downstream developers automatically update dependencies.

Guillemet stressed the seriousness of the threat in a public statement, noting that the impact extends beyond the crypto sector but carries particularly acute risks for blockchain users. Applications such as web wallets, decentralized platforms, and other platforms that interact directly with digital assets could be exploited if they unknowingly integrate compromised code. The most likely attack vector is the injection of address-swapping malware, which silently replaces a user’s intended recipient address with that of the attacker.

Crypto users urged to take caution

In response to the warning, security researchers and blockchain developers have recommended that crypto users exercise extreme caution. Several have advised against signing new on-chain transactions until the extent of the compromise is fully assessed. Hardware wallets, which require users to verify transaction details on a secure screen, are generally considered more resistant to this type of attack. However, experts emphasize that users must still carefully review every detail before confirming transfers.

Developers are being urged to immediately audit their dependency trees, pin specific versions of packages, and scrutinize lockfiles to detect any suspicious updates. The incident serves as a stark reminder of the inherent vulnerabilities in open-source ecosystems, where trust in widely used libraries can be weaponized when a single account is breached.

This is not the first time the crypto community has faced risks stemming from supply chain attacks. In late 2023, Ledger itself was affected by a compromise in its Connect Kit library, which briefly exposed users to malicious code before being remediated. The latest incident underscores that despite advances in security practices, the open-source software supply chain remains a high-value target for attackers viewking to exploit trust at scale.

The investigation into the full scope of the attack remains ongoing. While no definitive list of affected packages has yet been released, the scale of reported downloads suggests the potential impact could be severe. For now, both end users and developers are advised to remain vigilant, verify transactions meticulously, and await further updates from security researchers tracking the threat.

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