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One of the Biggest Victims of the Ledger Hack Was a Crypto Scammer.

  • On October 9, criminals drained over 60 Bitcoin worth about $4.8 million from a crypto scammer using compromised Ledger hardware, according to blockchain analytics firm Chainalysis.
  • Paris-Based Ledger revealed that Southeast Asian reseller CryptoBilis sold devices containing hidden hardware implants that captured 24-word recovery phrases via embedded eSIM, enabling the theft.
  • While Ledger has not provided an official loss figure, blockchain investigator Specter estimates losses exceed $86 million, and on-chain analytics firm Santiment suggests around $90 million.
  • Ledger advised buyers who set up a CryptoBilis device to "transfer your assets promptly to a new signer with a new recovery phrase," while those unconfigured should contact Ledger Support first.
  • Bitcoin is trading at $81,544, showing a 1.7% drop over the past week as markets shrugged off the news, while Ledger is also reviewing reports of implants in other signers.
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Economy: The French company Ledger, one of the largest manufacturers of hardware cryptate wallets, is investigating a large-scale theft of digital assets.

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Decrypt broke the news in New York, United States on Friday, October 16, 2026.
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