Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen
Researchers estimate more than $86 million in suspected thefts as Ledger investigates whether devices sold by a Southeast Asian reseller were tampered with.
- On Friday, hardware wallet maker Ledger announced it is investigating reports of stolen funds linked to devices sold through Southeast Asian reseller CryptoBilis, while confirming its own infrastructure and systems remain uncompromised.
- Given concerns of a potential supply-chain attack where devices are tampered with before reaching customers, Ledger asked CryptoBilis to pause all sales and shipments as a precaution while the investigation continues.
- Tracking theft addresses across Bitcoin, Ethereum, and Tron, Researcher Specter estimates between $72 million and $86 million in cryptocurrency was stolen, while the Security Alliance is assisting affected victims with the investigation.
- Ledger advised customers who purchased devices within the past 90 days not to set them up, while urging those who have already activated wallets to consider migrating assets to a new signer.
- This incident follows increased security scrutiny after manufacturer Coldcard suffered multi-phase hacks in July and August, framing the current situation as part of a recurring security challenge for hardware wallet providers.
46 Articles
46 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 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.
There have been numerous reports from users of the cryptocurrency wallet "Ledger" that their assets have been illegally stolen. Blockchain analysis firm Bitquery (... The post Hardware wallet Ledger: Approximately 14.7 billion yen stolen first appeared on NADA NEWS.
CryptoBilis, an official retailer of Ledger in Malaysia, Indonesia and the Philippines, is suspected of having sold booby-trapped material portfolios, resulting in thefts estimated at more than $86 million. CryptoBilis was reportedly bought in March 2026 by a new Chinese owner and the former owners have not since August any access to any of them. [...] Read more An official dealer of Ledger would have distributed compromised devices appeared fir…
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