Ledger finds crypto theft vulnerability in MediaTek-powered Android phones

The internal security research team at crypto wallet maker Ledger has discovered a serious vulnerability in the firmware of Android smartphones that use MediaTek processors, The Block reported. MediaTek chips are used in approximately 25% of Android smartphones worldwide. The vulnerability reportedly allows an attacker with physical access to a device to decrypt encrypted data and extract private keys from cryptocurrency wallets via a USB connection. Ledger advised users to apply all security updates provided by their phone's manufacturer.