Ledger Investigates $87M Loss Linked to CryptoBilis Reseller
- Ledger is probing losses among Southeast Asian customers who bought devices from CryptoBilis.
- The company advised customers not to set up devices purchased from CryptoBilis in the last 90 days.
- Onchain investigator Specter traced over $86 million in suspected thefts across Ethereum, Tron, and Bitcoin.
- Ledger has asked the reseller to pause sales and shipments pending investigation results.
Ledger is investigating reports of significant fund losses from users in Southeast Asia linked to purchases from the reseller CryptoBilis. The Paris-based wallet maker has urged affected customers to transfer their assets to a new device with a fresh seed phrase for security reasons.
The potential theft amounts to over $86 million, with funds traced across major blockchains like Ethereum and Bitcoin, though Ledger has not confirmed these figures or identified a cause yet. (Source)
