Ledger Investigates Cryptocurrency Losses Linked to Southeast Asian Reseller
- Ledger is investigating potential cryptocurrency losses tied to devices sold by authorized reseller CryptoBilis in Indonesia, Malaysia, and the Philippines.
- Affected customers are advised to transfer assets to new wallets if they purchased devices from CryptoBilis within the last 90 days.
- Onchain researchers identified eight wallet addresses associated with over $72 million in losses, while estimates suggest total losses could exceed $86 million across Bitcoin, Ethereum, and Tron.
- Security organization SEAL has urged users who transferred funds to the identified addresses to contact their incident-response team.
- Ledger confirmed that its own infrastructure was not compromised and stated the issue appears isolated to the reseller market.
The investigation into Ledger’s hardware wallets highlights significant concerns regarding security and potential thefts linked to specific resellers. As investigations continue, customers are urged to remain vigilant about their crypto assets.
With reported losses potentially exceeding $86 million across multiple blockchains, users are advised to take precautions regarding their wallets and recovery phrases.(Source)
