Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen

Ledger's Crypto Wallets Reportedly Backdoored, $71 Million in Crypto Already Moved

An authorized Southeast Asian reseller is tied to reports of drained wallets.

Bitcoin Rebounds to $83,000 With BTC Price Weekly Close in Focus

Bitcoin seeks a recovery from Thursday’s drop to near $80,000 as crypto markets appear to brush off reports of a Ledger hardware wallet exploit.

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 Users Reportedly Drained of Over $86 Million Across Several Blockchains

Specter (@SpecterAnalyst) said on X on Oct. 9 that a trace of theft addresses shows losses of more than $86 million from reported wallet drains of Ledger users. Specter said the addresses took in funds from hundreds of victims’ wallets on multiple major chains, among them Ethereum, TRON and Bitcoin. Specter cited user reports on X and Reddit of Ledger wallets being emptied, and said it traced the theft addresses.

Ledger Investigates $86M Crypto Drain as Reseller Supply-Chain Fears Grow

The company has launched an investigation into potentially tens of millions of dollars in crypt theft linked to hardware wallet purchased through CryptoBilis.