Ledger Investigates Reports of $86 Million Wallet Theft Tied to Reseller CryptoBilis
Updated — view changes (3)
· body · New information from a source
Ledger opened an investigation into reported wallet drains affecting users in Southeast Asia who bought its products from reseller CryptoBilis, according to reports from CoinDesk and The Block.The losses total an estimated $86 million in crypto.The company has not detailed the mechanics of the alleged tampering or specified which assets were affected.- Ledger said it is investigating reports of wallet tampering after users reported losing funds, with an onchain investigator tracking more than $86 million in suspected thefts, according to CoinDesk and Decrypt.
- The losses are tied to buyers who purchased Ledger hardware wallets through the reseller CryptoBilis, according to The Block, which reported the affected users were concentrated in Southeast Asia.
- Ledger has asked CryptoBilis to pause sales and is urging recent buyers not to set up their devices until the investigation concludes, according to Decrypt.
- Decrypt's headline put the total closer to $87 million, while CoinDesk and The Block cited the $86 million figure from the onchain investigator's tracking.
- The exact cause of the fund losses — whether compromised devices, tampered seed phrases, or another vector — has not been detailed in the reports.
- Cointelegraph reported that bitcoin dropped before attempting to recover near $82.5K as markets absorbed the theft reports, noting that the broader crypto market weathered the news without a sustained selloff.
· summary · New information from a source
Ledger is investigating fund losses totaling $86 million from users who purchased its hardware wallets through reseller CryptoBilis.- Ledger is investigating reports that hackers drained more than $86 million from users who bought devices through reseller CryptoBilis, mostly in Southeast Asia.
· headline · New information from a source
Ledger investigates $86 million in crypto losses linked to CryptoBilis reseller- Ledger Investigates Reports of $86 Million Wallet Theft Tied to Reseller CryptoBilis
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Ledger said it is investigating reports of wallet tampering after users reported losing funds, with an onchain investigator tracking more than Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen.
in suspected thefts, according to CoinDesk and Decrypt.
The losses are tied to buyers who purchased Ledger hardware wallets through the reseller CryptoBilis, according to The Block, which reported the affected users were concentrated in Southeast Asia. Ledger has asked CryptoBilis to pause sales and is urging recent buyers not to set up their devices until the investigation concludes, according to Decrypt.
Decrypt’s headline put the total closer to Ledger Probes Potential Theft of $87M in User Funds Tied to Crypto Wallet Reseller.
, while CoinDesk and The Block cited the $86 million figure from the onchain investigator’s tracking. The exact cause of the fund losses — whether compromised devices, tampered seed phrases, or another vector — has not been detailed in the reports.
Cointelegraph reported that bitcoin dropped before attempting to recover near $82.5K as markets absorbed the theft reports, noting that the broader crypto market weathered the news without a sustained selloff.
Sources: CoinDesk, The Block, Cointelegraph, Decrypt
This article is for information only and is not financial advice.
What the market did
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Story so far 2 updates
- flashLedger investigates $86 million in crypto losses linked to CryptoBilis resellerfirst reported · 2 sourcescoindesk.com · theblock.co
- storyLedger Investigates Reports of $86 Million Wallet Theft Tied to Reseller CryptoBilisupdate · 4 sourcescoindesk.com · theblock.co · cointelegraph.com · decrypt.co
