Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen
Researchers estimate more than $86 million in suspected thefts as Ledger investigates whether devices sold by a Southeast Asian reseller were tampered with.
- On Friday, hardware wallet maker Ledger announced it is investigating reports of stolen funds linked to devices sold through Southeast Asian reseller CryptoBilis, while confirming its own infrastructure and systems remain uncompromised.
- Given concerns of a potential supply-chain attack where devices are tampered with before reaching customers, Ledger asked CryptoBilis to pause all sales and shipments as a precaution while the investigation continues.
- Tracking theft addresses across Bitcoin, Ethereum, and Tron, Researcher Specter estimates between $72 million and $86 million in cryptocurrency was stolen, while the Security Alliance is assisting affected victims with the investigation.
- Ledger advised customers who purchased devices within the past 90 days not to set them up, while urging those who have already activated wallets to consider migrating assets to a new signer.
- This incident follows increased security scrutiny after manufacturer Coldcard suffered multi-phase hacks in July and August, framing the current situation as part of a recurring security challenge for hardware wallet providers.
48 Articles
48 Articles
Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen
The hardware wallet maker said it is investigating devices sold by a Southeast Asian reseller as social posts swirl about crypto assets drained from Bitcoin, Ethereum and Tron addresses.
Ledger Users Reportedly Drained of Over $86 Million Across Several Blockchains
Specter (@SpecterAnalyst) said on X on Oct. 9 that a trace of theft addresses shows losses of more than $86 million from reported wallet drains of Ledger users. Specter said the addresses took in funds from hundreds of victims’ wallets on multiple major chains, among them Ethereum, TRON and Bitcoin. Specter cited user reports on X and Reddit of Ledger wallets being emptied, and said it traced the theft addresses.
Ledger is investigating damages to buyers from the distributor CryptoBilis and has requested a halt to sales. Pseudonymous researchers estimate the stolen funds at $72-87 million.
CryptoTendencia Ledger investigates possible losses linked to devices sold by a reseller; the figure of US$ 86 million is not yet verified. Ledger's entry investigates possible changes in wallets after reports of US$ 86 million stolen was first published in CryptoTendencia.
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