Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen
Ledger said it asked CryptoBilis to halt sales while it investigates suspected wallet tampering that researchers say may have drained more than $86 million.
- On Friday, Ledger began investigating reports of stolen funds linked to devices sold through Southeast Asian reseller CryptoBilis, asking the reseller to pause all sales and shipments as a precaution.
- Experts suspect a supply-chain attack where devices were tampered with before reaching customers, though Ledger has not confirmed the cause; the reseller operates in Indonesia, Malaysia, and the Philippines.
- Onchain researchers estimate between $72 million and $86 million in cryptocurrency was stolen from hundreds of wallets across Bitcoin, Ethereum, and Tron, while the Security Alliance urged affected users to seek assistance.
- Customers who purchased devices from CryptoBilis within the past 90 days are advised not to set them up, while those who activated wallets should "consider moving assets to a new Ledger signer ."
- Despite reports of the $86 million theft, crypto markets largely avoided significant selling pressure, with Bitcoin rebounding above $83,000; this incident follows increased security scrutiny for hardware wallets after manufacturer Coldcard suffered a multi-phase hack earlier this year.
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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.
Hardware wallet manufacturer Ledger is investigating loss reports from customers who purchased devices through its Southeast Asian reseller, CryptoBilis. The company has issued a warning to those who made purchases from this reseller in the last 90 days, but the exact amount of the total loss is not yet known.
Ledger Probes Reported $80M+ Crypto Theft Tied To Reseller
BitcoinWorld Ledger Probes Reported $80M+ Crypto Theft Tied to Reseller Ledger has opened an investigation into reports that customers in Southeast Asia lost crypto funds after buying its hardware wallets from CryptoBilis, an authorized reseller based in Malaysia.… This post Ledger Probes Reported $80M+ Crypto Theft Tied to Reseller first appeared on BitcoinWorld.
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