Ledger Wallet Drain Linked to Reseller CryptoBilis
- All confirmed cases of last week’s wallet-draining incident involve devices sold by Southeast Asian reseller CryptoBilis.
- Ledger’s systems and direct sales channels remain unaffected, with the number of impacted devices described as “limited.”
- Onchain investigator Specter traced over $86 million in suspected thefts across Ethereum, Tron, and Bitcoin.
- YFarmX reported that the thief laundered funds through Tornado Cash and Zcash’s shielded pool, converting stolen USDT into USDD.
- Ledger advises against setting up unused devices from CryptoBilis and urges users to buy only from authorized channels.
Ledger is working with authorities to address a wallet-draining incident linked to reseller CryptoBilis, which has ceased all sales of hardware wallets. The Paris-based company has reiterated the importance of purchasing from authorized resellers to avoid counterfeit or modified devices.
The incident highlights vulnerabilities in supply chains and underscores the importance of secure purchase practices for hardware wallets. Ledger continues to reach out to affected users while advancing hardware protections and reviewing reseller controls. (Source)
