Ledger Investigates $86 Million Losses Linked to CryptoBilis Reseller
- On Oct. 9, Ledger announced an investigation into lost funds among Southeast Asian customers who purchased devices from reseller CryptoBilis.
- Blockchain analyst Specter reported losses exceeding $86 million across hundreds of wallets on Bitcoin, Ethereum, and TRON.
- Ledger has requested CryptoBilis to halt all sales and shipments while the investigation is ongoing.
- Customers who bought devices in the last three months are advised not to set up unused devices and consider transferring assets if already set up.
- Former Mt. Gox CEO Mark Karpelès reported finding a hidden spyware module in a Ledger device, raising concerns about counterfeit products.
The incident highlights potential vulnerabilities in hardware wallets, as users report significant losses attributed to compromised devices from a single vendor. Blockchain analysts continue to track thefts linked to this situation, with over $86 million in assets reportedly drained from affected wallets.
As investigations proceed, Ledger emphasizes caution for users who may have been impacted by these security issues involving its hardware wallets and the reseller CryptoBilis. (Source)
