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Chinese man buys crypto shop, quietly installs SIMs in wallets to steal ₹832 crore

short by Ashley Paul / on Saturday, 10 October, 2026
A Chinese man named Jiaming is under scanner after it was reported that he quietly bought a crypto wallet-selling company linked to Ledger, which suffered an ₹832-crore theft. Tech enthusiast Mark Karpelès claimed he found a SIM card installed inside his Ledger wallet, which he purchased from Jiaming's shop. He also found a chip that reportedly watches the wallet's display.