South Korea · Bitcoin Magazine
Ledger Signals Buyers Not to Set Up Wallets From Reseller After Users Report Losses
Compiled by KHAO Editorial — aggregated from 4 sources. See llms.txt for citation guidance.
✓ KHAO Verified
Hardware wallet manufacturer Ledger is investigating after users reported having wallets drained.
Key facts
- The crypto industry is still reeling after hackers in July were able to steal close to $120 million in bitcoin from Coldcard users
- The Paris-based company on Friday advised customers who’d bought from vendor CryptoBilis within the last 90 days to not set up their devices
- Ledger did not reveal how much money users had lost but one blockchain investigator, Specter, wrote on X that he’d traced theft addresses following social media posts and that over $86 million
- CryptoBilis is a Kuala Lumpur, Malaysia-based hardware wallet vendor, according to its website
Summary
Hardware wallet manufacturer Ledger has said that it is investigating loss of user funds after customers in South East Asia reported issues with devices bought from a reseller. The Paris-based company on Friday advised customers who’d bought from vendor CryptoBilis within the last 90 days to not set up their devices. Ledger did not reveal how much money users had lost but one blockchain investigator, Specter, wrote on X that he’d traced theft addresses following social media posts and that over $86 million had been lost. The issue comes following several data breaches this year in the crypto world and a huge hack of popular Coldcard hardware wallet devices in July.