Ledger Probes Potential Theft of $87 million in User Funds Tied to Crypto Wallet Reseller
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Ledger is telling some customers to hold off on setting up their hardware wallets.
Key facts
- Arkham data shared by the investigator shows nearly $87 million at those addresses, including about $42 million in ETH, $17.6 million in BTC and $16.5 million in USDT
- North Korean hackers also spent six months infiltrating Solana exchange Drift before a $285 million exploit, and Drift has since laid out a plan to repay users
- Ledger urged anyone who bought from the reseller in the past 90 days not to set up their device if they haven’t already
- The Paris-based wallet maker said Friday it is investigating reports that users in Southeast Asia who bought devices from a reseller called CryptoBilis have lost funds
Summary
Ledger is investigating reported losses among Southeast Asian customers who bought devices from reseller CryptoBilis, and has asked the reseller to pause sales and shipments. The company told anyone who bought from CryptoBilis in the past 90 days not to set up their device, and those who have to move funds to a new device with a fresh seed phrase. Onchain investigator Specter traced more than $86 million in suspected thefts across Ethereum, Tron and Bitcoin. The Paris-based wallet maker said Friday it is investigating reports that users in Southeast Asia who bought devices from a reseller called CryptoBilis have lost funds.