Ledger reseller investigation widens as theft estimates rise
Ledger is investigating suspected cryptocurrency thefts involving wallets sold through Southeast Asian reseller CryptoBilis, as blockchain investigators raise their estimated losses beyond $86 million. The hardware wallet manufacturer has asked CryptoBilis to suspend sales and shipments while it examines complaints from customers whose digital assets disappeared. Ledger has not confirmed the…
Ledger, a hardware wallet manufacturer, is investigating suspected cryptocurrency thefts involving wallets sold through reseller CryptoBilis in Southeast Asia. Blockchain analysts estimate losses to have risen above $86 million, with Bitquery reporting $93.2 million across 315 wallets in transactions across multiple blockchain networks.
Ledger has asked CryptoBilis to halt sales and shipments while it investigates complaints from customers whose digital assets disappeared. The company has not confirmed the total stolen, the number of affected individuals, or the cause of the reported losses, but suggests that the affected devices may have been limited to those supplied through CryptoBilis.
Ledger advises customers who purchased devices from CryptoBilis in the past 90 days not to set them up and to consider transferring assets to a new Ledger signing device with a new recovery phrase.
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