r/ethereum • u/EthereumDailyThread What's On Your Mind? • 4d ago
Daily General Discussion October 09, 2026
Welcome to the Daily General Discussion on r/ethereum
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Please use this thread to discuss Ethereum topics, news, events, and even price!
Price discussion posted elsewhere in the subreddit will continue to be removed.
As always, be constructive. - Subreddit Rules
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Community Links
Calendar: https://dailydoots.com/events/
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u/ethdaily 3d ago
ETH Daily - 9th October 2026 📰
-Ledger compromised resseller CryptoBilis.
-Credifi uses zkTLS for credit verification.
-NY fines Alex Mashinsky $35m.
-Mike Neuder talks ePBS on the Ready For Merge.
-Aztec releases Alpha V6 code.
-Lido gov proposes PQ working group.
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u/vvpan 3d ago
I hear the "AI agents will use blockchain" take a lot lately, including from our man Tom Lee. Is there any data that suggests that it is happening or is it just science fiction for now?
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u/mini_miner1 3d ago
If it would be that profitable, I feel like it'd be here already. Unless regulations are holding it back?
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u/Ok-Nectarine-6654 3d ago
I would say ai agents who need permissionless access would use Ethereum. Others just use fiat APIs just as people do now. Correct me if I'm wrong, I don't see how this is becoming crypto advantage.
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u/Jey_s_TeArS 3d ago
Neither vault nor crate,
While Ledger investigate,
Good time to update.
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
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u/eth10kIsFUD 3d ago
Seems there's a large ledger hack ongoing, $86M+ drained so far.
https://x.com/Ledger_Support/status/2108551100613714002
https://x.com/SpecterAnalyst/status/2108534068564373687
Seems to be from devices bought from a specific middleman in south east asia (?)
As usual do not rush into moving funds, that's usually worse than doing nothing!
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u/haurog 3d ago edited 3d ago
There are a lot of bits and pieces flying around with this exploit. If the stories are to be believed it was a pretty well executed hardware supply chain attack. Ledger had an authorized reseller (CryptoBilis) from Malaysia, but this resellers company was bought up by Chinese company, I do not know when this happened though. The former owner signed a contract that he was not allowed to tell anyone about this ownership change until October 19th. The new company then took all Ledgers apart and added am additional CPU which could read all the text that was shown on the screen, extracted generated seed words and sent these to back to the reseller by using the additionally added LTE modem with eSIM and antenna. That is how the reseller got at the seed phrases from anyone who bought ledgers from them. The Ledger software and hardware integrity check could not detect anything, because nothing was replaced in the original Ledger hardware. They just added additional hardware close to the screen. This cannot be detected by a software check. Apparently such an attack is not new, but the scale at which it was executed is pretty impressive. I was also not aware one could put much additional hardware into a Ledger Nano X enclosure.
As said above, I am not sure that this is the whole or even correct story, but that is how I would stitch it together from what I read.
Sources:
Reseller story: https://x.com/fatmanterra/status/2108602684563411240?s=46&t=x0SpNy0nEL2Z0UTvB4MJUw
Mark Karpeles about Ledgers with LTE modem modification from Malaysia: https://x.com/MagicalTux/status/2108576506704548179?s=20
If you recently bought a Ledger device from a reseller from Malaysia, make sure that your Hardware has not been tampered with. Ledger has an article what a proper hardware looks like: https://support.ledger.com/article/4404382029329-zd
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u/timmerwb 3d ago
Pretty wild. So, will Ledger now recommend users disassemble their wallets to ensure they don't contain weird parts? LOL
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u/jtnichol MOD BOD 3d ago
"Ledger is investigating reports of loss of funds from users in South East Asia who purchased products from a reseller named CryptoBillis. As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices. We recommend Ledger users who purchased from this reseller in the last 90 days to not initiate set up if you have not done so yet. If you have set up your Ledger device, consider moving assets to a new Ledger signer (with new seed). We will continue to inform customers of updates as the investigation progresses.
Reach out to Ledger customer support through official channels with any questions: https://support.ledger.com"
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u/lechuga2010 3d ago
Were these users skipping the 'genuine software check' ?
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u/jtnichol MOD BOD 3d ago
Who knows maybe they were using some kind of seed phrase they stored on the cloud
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u/eth10kIsFUD 3d ago edited 3d ago
no, see comment below.
Seems to be a physically implanted piece of hardware inside the ledger.
If that's the case then the software and firmware could have been genuine and on a fresh setup with new seed.
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u/timmerwb 3d ago
To compromise the official compliance check and then have a fresh seed hacked, would be a catastrophe and Ledger would be dead, along with an incalculable amount of funds.
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u/eth10kIsFUD 3d ago
.. Yet that's exactly what happened.
Looks like it's a completely separate chip on the device that just reads the display when generating the seed during a fresh setup. And then uses an eSIM to send it out.
Everything else is genuine, so official everything, genuine software genuine firmware and fresh seed. :)
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u/eth10kIsFUD 3d ago
In a weird twist: mr. MagicalTux (yes) is on the investigation:
https://x.com/MagicalTux/status/2108556423445835827/photo/1Seems it could be malicious hardware mod? crazy
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u/confusedguy1212 3d ago
Can’t believe this dude is back in the game. This space is so crazy it’s insane he happened to be investigating this while it happened in the wild. Insane.
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u/somedaysitsdark 3d ago
I can't believe this is the first I've heard of this type of hardware wallet tampering!
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u/somedaysitsdark 3d ago
Spy implants 😮 wowowowow
I have a soft spot for Mark, I'm glad he is out there helping where he can.
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u/oxyeth 3d ago
Still, when I hear his name it’s usually within 2 sentences of something bad happening.. Why the soft spot? As I recall he was posting motivational beach pictures about him being so zen right after his business got drained. I’m still suspicious of him.
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u/somedaysitsdark 2d ago
I'll try to make it short, but Mt. Gox turning into a cryptocurrency exchange was a freak accident.
I'm not trying to excuse him from his actions, but I really empathize for this geeky guy that kinda accidentally fell into running a finance company that was beyond his abilities.
It was clear to me towards the end that he really didn't want to manage it, he wanted to work on other projects. Unlike a lot of entrepreneurs, I think the dude genuinely feels guilty about people losing money because of his inability to manage.
And that is why it's nice to see him out there being a geeky guy working on projects again and seeing that he's trying to help people. 🥰
I have a big soft spot for him.
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3d ago
[removed] — view removed comment
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u/jtnichol MOD BOD 3d ago
heads up...reddit removed your comment
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u/Magic_Cove 3d ago
Censorship?
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u/jtnichol MOD BOD 3d ago
Perhaps. He has a score of 22, which is awesome. But Reddit overlords override moderators so we can’t even see what he wrote. It was probably a banned link. Or a shortened URL…. Who knows
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u/eth10kIsFUD 3d ago
can't believe i'm stuck in this bunker with you guys
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u/HauntedJockStrap88 3d ago
Idk about the rest of you but I’ve been in this bunker for almost 6 years. I’m running out of beans.
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u/the-A-word HELP! 3d ago
The Doots Weekly Oct9
The Trinity
The Haiku
The Eternal Shit
u/poidhxyz updates us on the ever-growing local offline Al bounty
u/Tricky_Troll decoments Reddits latest round of enshittification
u/ElEterElote shares the EF's latest privacy tool for Al using cool ZK tech!
u/nonetherless325 shares Vitalik's latest creation
u/tokyo_guy375 thinks we really need a narrative and ratio appreciation
u/Sargos stumbles across a story of someone reclaiming their own privacy
u/robmacca shares Justin Drake's calm warning of precautions which may be best taken
-u/FoucaultCareofSelf thinks about the two open questions which will decide how well ETH performs
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u/Kristkind 3d ago
I think you can thank the "escape to the bunker"-message for sending ETH back to 0.03 single-handedly. About as subtle and coordinated as a drunk late night twitter post.
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u/timmerwb 3d ago
Huh? The entire tech market receded. ETH always dumps hardest.Another case of narrative following price.
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u/tutamtumikia 3d ago
I would be surprised if that caused the drop. Its just as likely its something completely unrelated.
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u/somedaysitsdark 3d ago
I think his post was kinda irresponsible. He can push for accelerating upgrades towards being quantum/ECDSA proof without telling everyone to hide their assets in a bunker that won't matter if addresses start getting compromised anyway.
If shit hits the fan, my eth is going to zero whether or not it's in an address with no transactions.
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u/confusedguy1212 3d ago
His post WAS irresponsible. In general he’s been side questing us for a bit and it’s getting quite annoying.
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u/edmundedgar reality.eth 3d ago
I blame Twitter, it trains people to say whatever will get clicks.
Like "let's switch to use-once addresses" might be a meaningful security improvement, but we can address it as a wallet improvement (contract holds your funds, wallet rotates controlling key each transaction) rather than the whole "bunker" phrasing which makes people think they have to stop transacting.
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3d ago
[removed] — view removed comment
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u/eth10kIsFUD 3d ago
This guy is so annoying, constantly bashing any attempt at a sustainable issuance model for Ethereum.
We need to fix issuance!
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u/LargePup 3d ago
I don’t know. With the staking yield being the risk free rate that all of defi is based on, reducing the staking yield may have the effect similar to a sovereign partial bond default
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u/eth10kIsFUD 2d ago
The part of defi that is only there because of useless issuance is itself useless, and thinking that this useless part of defi adds value to Ethereum is misguided imo.
Staking yield should not be seen as the "risk free rate", but i agree some probably see it like that which is itself a problem.
The most important thing is ensuring that Ethereum remains secure forever, and that we don't onboard a ton of centralized third parties just because of a broken issuance model. We should not punish people for holding vanilla ETH as that is in fact the best version of ETH! We should not push people into giving their ETH to these staking companies!
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u/HauntedJockStrap88 3d ago
Fr. Feels like ETH the asset’s value is the last thing on every core Ethereum dev’s mind. Identify problems and create solutions, of course. But can our most important contributors PLEASE stop acting like asset price is below them?
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u/confusedguy1212 3d ago
This part always sucked about eth how devs behave like price is beneath them.
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u/jtnichol MOD BOD 3d ago edited 3d ago
Originally, we were going to have a podcast today, but I got up to the office and I don’t have access to my office due to an event going on and the coordinator did not coordinate with me
I have no backup equipment to do the podcast in another location in Time.
I might try to do this on Monday
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u/haurog 3d ago
Nooo, I am sitting here and wondering why there isn't any livestream on the EVMavericks youtube channel.
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u/jtnichol MOD BOD 3d ago
I think I’m still gonna get it recorded, but it’s gonna have to be Monday. I was kind of pissed off at the coordinator about the lack of communication as to whether I would have access to my office this weekend or not.
Anyway, turns out they got a wedding today and tomorrow and I have to DJ tomorrow night
I’m not doing shit on Sunday
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u/abcoathup Ethereal news 3d ago
Ethereal news weekly #42
🐻❄️ Sepolia testnet upgraded to Glamsterdam
📅 Hoodi testnet upgrades to Glamsterdam October 26
🔑 Justin Drake: plan for bunker mode but don’t rush or panic
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u/Itur_ad_Astra Crab High Priest 4d ago
ALL HAIL THE ETERNAL CRAB
📈 📉 📈 🌊 📈 📉 📈
📉 🌌 📉 📈 📉 🌌 📉
📈 📉 📈 🐋 📈 📉 📈
🌊 📈 🐋 🦀 🐋 📈 🌊
📈 📉 📈 🐋 📈 📉 📈
📉 🌌 📉 📈 📉 🌌 📉
📈 📉 📈 🌊 📈 📉 📈
$1000--------$2498--------$5000
2021----------2026----------∞
He sold?
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•
u/Tricky_Troll Public Goods are Good 🌱 1d ago
Tricky's Daily Doots #1,620
Yesterday's Daily 08/10/2026
Previous Daily Doots
u/haurog gives us the post-Glamsterdam Sepolia update. 🛠️
u/benido2030 starts a discussion about Justin Drake's security tweet. and u/haurog weighs in on the matter. 🔐
u/eth10kIsFUD also [weighs in on the post quantum and AI security situation. 🧐
u/ethdaily delivers the daily ETH news. 📰