Indonesia · Cointelegraph
Ledger investigates fund losses linked to Southeast Asian reseller, flags users
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Hardware wallet maker Ledger probes losses tied to reseller CryptoBilis, as researchers separately estimate more than $72 million to $86 million in suspected crypto thefts.
Key facts
- Hardware wallet maker Ledger probes losses tied to reseller CryptoBilis, as researchers separately estimate more than $72 million to $86 million in suspected crypto thefts
- On Friday afternoon, onchain analytics account Onchain Lens reported that wallets allegedly linked to the suspected thefts transferred approximately $270,000 in USDT and TRX to Binance
- Binance co-founder Changpeng Zhao commented on the incident, suggesting that counterfeit or tampered Ledger devices may have been involved in a supply-chain attack
- Crypto security organization Security Alliance (SEAL) amplified tanuki42’s findings on X, urging anyone whose funds were transferred to the identified addresses to contact its incident-response team
Summary
Hardware wallet maker Ledger is investigating reports of cryptocurrency losses involving devices purchased from a Southeast Asian reseller, warning affected customers to consider moving their assets to new wallets while the investigation continues. Posted on X, Ledger said it had asked reseller CryptoBilis to suspend sales and shipments of its devices as a precaution. CryptoBilis is listed as an authorized Ledger reseller in Indonesia, Malaysia and the Philippines. Ledger has not disclosed how many customers may be affected or the value of the reported losses.