Ledger investigates potential wallet tampering after posts of $86 million in crypto stolen
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Crypto hardware wallet maker Ledger said Friday it is investigating reports of stolen funds linked to devices sold through a reseller in Southeast Asia as a suspected $86 million heist threatens to add to the industry's mounting losses from exploits this year.
Key facts
- Other major incidents included Liquid Network at about $320 million, Drift at $295 million and Kelp at $293 million, according to DefiLlama data
- UPDATE (Oct. 9, 14:58 UTC): Adds further context about Ledger
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- Crypto hardware wallet maker Ledger said Friday it is investigating reports of stolen funds linked to devices sold through a reseller in Southeast Asia as a suspected $86 million heist threatens
Summary
Ledger is investigating reports that more than $86 million in cryptocurrency may have been stolen from hundreds of wallets linked to devices sold by CryptoBilis, a Southeast Asian reseller, though the losses and connection have not been independently verified. Ledger asked CryptoBilis to halt sales and shipments and advised recent buyers not to set up their devices, while customers who already activated wallets should consider transferring their assets to a new device with a newly generated recovery phrase. A supply-chain attack involving tampered devices could be one possible explanation, but the cause, number of affected users and total losses remain unconfirmed.