The Atom couldn’t have launched at a worse time for Ledger. | Image: Ledger
Ledger has announced its latest crypto-centric hardware effort, the Android-based Atom, a device that resembles a phone but is instead designed to be used alongside one. It arrives at a tricky time for Ledger, which has been forced to cease sales of some of its hardware across southeast Asia following hardware tampering in its supply chain, which has reportedly seen over $86 million worth of crypto stolen from across some users' accounts.
While Ledger's previous hardware wallet signers have been compact devices, running custom software and often with E Ink displays, the Atom is the spitting image of a regular Android smartphone. In fact it …
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Reports have been mounting that users of the Ledger crypto wallet have seen their accounts drained, and it appears to be related to tampered hardware sold by CryptoBillis. Ledger has asked CryptoBillis to pause all sales of its wallets while it conducts an investigation. Ledger has confirmed that "one of the impacted users' devices contained an unauthorized hardware implant."
Photos and videos posted on X and Threads appear to show a small circuit board sandwiched under the screen. The implant allegedly intercepts anything displayed on the screen, including the seed passphrase shown during the initial setup. Using an embedded SIM card, the …
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Donald Trump waves to the media on the South Lawn of the White House on September 26, 2026. | Aaron Schwartz/Getty Images
This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here.
Welcome to The Logoff: Donald Trump is once again selling access to the highest bidder(s).
What’s happening? On Thursday, the Washington Sun’s Jeff Stein reported that Trump will reprise his 2025 “crypto dinner” later this year, hosting some of the top investors in the $TRUMP memecoin at his Virginia golf club.
The top 185 holders of $TRUMP will receive an invite to the event, which the website describes as the “Most EXCLUSIVE DINNER IN THE WORLD.” The top 29 $TRUMP holders will also be eligible for a “special VIP reception.”
What is $TRUMP? As my colleague Adam Clark Estes explained last year, memecoins like $TRUMP are “all but make-believe.” The coin is a crypto token, or “a type of digital asset that’s built on a cryptocurrency’s blockchain, but it is not a full featured cryptocurrency, like bitcoin.”
In other words, buying it doesn’t get you very much — the value of the coin has collapsed since early last year when Trump took office — but it will get you a chance to have dinner with the president.
What’s the context? This will be the third major event Trump has hosted for buyers of $TRUMP, following a May 2025 dinner at his Virginia club and a “crypto and business conference” earlier this year at Mar-a-Lago, where Trump gave a keynote speech.
But it’s just one of the many, many ways that Trump and his family have found to enrich themselves through crypto: There’s also another memecoin, $MELANIA, and his lucrative crypto firm, World Liberty Financial, which received a $500 million investment from a member of the United Arab Emirates royal family last year.
Strictly speaking, as Stein points out, Trump himself does not own the company minting $TRUMP, though he still profits handsomely, to the tune of $636 million last year, from transaction fees and other revenue. And he’s made even more off World Liberty Financial, which he and his sons do own, along with others: $799 million in 2025 alone, according to financial disclosure forms filed earlier this year.
And with that, it’s time to log off…
Don’t miss this story about “junk journaling” from my colleague Rachel Miller, a hobby that she describes as “a great way to cope with digital malaise and existential dread.” (Needed!) You can read it with a gift link here.
Plus: It’s a big day for Denali National Park’s sled dog puppies, of whom I’m a big fan.
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