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.
Make preferred on
Share this article
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.
