What is actually happening with hardware wallets in 2026?

Hi everyone!

I actually wanted to ask what is going on with hardware wallets over the past few months, or more specifically, throughout 2026.

To be honest, I have never seen this many security incidents in such a short period of time. From Ledger and Trezor to Tangem, Coldcard, D'Cent Wallet, and others, it seems like the entire hardware wallet industry is facing serious security challenges.

And now we're hearing about devices being shipped with SIM cards installed and fake devices potentially making their way to customers. This is getting ridiculous.

Of course, hacks and security incidents have always happened, but I don't remember seeing so many different wallet manufacturers being affected within such a short period.

What is actually causing all of this? Is there something specific driving this wave of attacks in 2026, or is it simply that these incidents are getting more attention than they used to?

I'd genuinely like to hear your thoughts and opinions on what's happening in the hardware wallet industry right now.