Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen
- On Friday, crypto hardware wallet maker Ledger said it is investigating reports of stolen funds linked to devices sold through CryptoBilis, a reseller in Southeast Asia, as a suspected $86 million heist threatens to add to the industry's mounting losses from exploits this year.
- Ledger, which has sold more than 7 million devices worldwide since its 2014 founding in Paris, serves as a critical security tool for investors protecting crypto without relying on exchanges; prior breaches this year have devastated the sector, with Bitget losing over $350 million last month.
- The investigation concerns third-party reseller devices with no confirmed evidence that Ledger's own systems were compromised; one possible explanation is supply-chain tampering where attackers could pre-generate recovery phrases to access funds later, traced by blockchain investigator Specter across Bitcoin, Ethereum and Tron networks.
- Ledger advised customers who purchased from the reseller within 90 days not to activate their devices, halted CryptoBilis sales pending investigation, and recommended existing users move assets to newly generated recovery phrases.
- The incident remains under investigation with multiple uncertainties unresolved, including the number of affected users, total losses, and whether device tampering actually caused the thefts, with no independent confirmation of asset amounts.
37 Articles
37 Articles
Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen
The hardware wallet maker said it is investigating devices sold by a Southeast Asian reseller as social posts swirl about crypto assets drained from Bitcoin, Ethereum and Tron addresses.
Ledger Investigates Crypto Losses Linked to Southeast Asian Reseller Devices
Hardware wallet maker Ledger has asked authorized Southeast Asian reseller CryptoBilis to suspend sales and shipments while it investigates reports of cryptocurrency losses that onchain researchers estimate could exceed $86 million. Ledger advised customers who bought one of its devices from CryptoBilis within the past 90 days not to set it up if they have not already done so. Customers who have initialized a device were told to consider transfe…
Ledger investigates the theft of more than US$86 million from customers of a reseller in Southeast Asia. We tracked down the chain: the attacker emptied 76 bitcoin wallets in 21 minutes. What is known and what to do if you have a Ledger. Robbery of more than US$86 million from Ledger users: what is known about the attack on a reseller in Asia and how to protect you was first published in Cryptoreport.
Ledger, the world's largest hardware wallet manufacturer, has launched an investigation into allegations that cryptocurrency assets belonging to some users in Southeast Asia were stolen. On-chain analysis suggests that hundreds of wallets were affected and that over $86 million in cryptocurrency may have been stolen. Binance founder Changpeng Zhao (CZ) also commented on the matter. Ledger stated that the incidents involved devices purchased from…
Ledger Halts Reseller Sales After $86M Crypto Loss Claims Emerge
TL;DR Ledger asked CryptoBilis to suspend sales and shipments of its devices while it investigates reports of potential cryptocurrency theft affecting customers in Southeast Asia. On-chain investigator Specter claims to have traced funds from hundreds of affected wallets, with estimated losses exceeding $86 million. The company advises customers who purchased devices from the reseller within ...
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