Ledger Wallets Compromised, Losses Exceed $86 Million
- Ledger users reported unauthorized fund withdrawals despite secure handling of their hardware wallets and seed phrases.
- The issue is linked to wallets bought from a Southeast Asian reseller, CryptoBillis, with Ledger advising against activating these devices.
- Onchain analysis revealed losses over $86 million across multiple blockchains, including more than $42 million in Ethereum and $17.5 million in Bitcoin.
- Binance’s Changpeng Zhao suggested the issue might stem from a supply chain attack affecting a small number of devices.
Reports of compromised Ledger wallets have sparked concern among users, with significant financial losses reported across major cryptocurrencies like Ethereum and Bitcoin. The problem appears localized to devices sold by CryptoBillis, prompting Ledger to halt sales through this reseller pending investigation.
With over $86 million in losses identified, affected users are advised to transfer assets to new hardware wallets as a precautionary measure while investigations continue. (Source)
