A newly demonstrated implant attack targets Ledger hardware wallets by reading the 24-word recovery phrase directly from the device screen during setup, completely bypassing the secure chip. The malicious hardware captures the seed phrase visually and exfiltrates the sensitive data over an LTE connection without ever interacting with the wallet's secure element. Security researchers magicaltux and tanuki42_ will demonstrate this vulnerability live with Laura Shin on Thursday at 9am ET. The presentation will provide a detailed walkthrough of the attack mechanism, highlighting critical risks associated with physical device tampering during the initial configuration process.