Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen
Ledger is investigating reports of potential wallet tampering involving a Southeast Asian reseller, CryptoBilis, following claims that $86 million in crypto may have been stolen. The company has advised customers to pause the setup of devices from this reseller and is currently assessing whether a supply-chain attack occurred.
Why it matters
The incident highlights ongoing security vulnerabilities in the hardware wallet supply chain and the risks associated with third-party resellers in the cryptocurrency ecosystem.
Pseudonymous blockchain investigator Specter said on X that more than $86 million in crypto may have been stolen from hundreds of wallets. There hasn’t been any independent confirmation of the amount of user assets affected.
Specter said they traced suspected theft addresses across Bitcoin, Ethereum and Tron after seeing reports from Ledger users on X and Reddit. It remains unclear whether the incidents are connected or what caused the losses.
Ledger acknowledged in the post the reports of missing funds from customers who purchased devices through CryptoBilis, a reseller in Southeast Asia, but did not confirm the reported loss amount or identify the cause.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in