Ledger claims CryptoBilis cases are limited as up to $93M is traced, $10M frozen
Ledger said every confirmed case involves devices sold by the Southeast Asian reseller, but critics say the hardware-wallet maker must answer for an authorized sales channel.
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- Blockchain analytics firms estimate that attackers stole as much as $94.5 million from hundreds of wallets linked to Ledger devices sold by authorized reseller CryptoBilis, though Ledger has not confirmed the total.
- Ledger found an unauthorized hardware implant in at least one affected device, while Tether froze $10 million in USDT tied to the theft and investigators continued tracing the funds.
- Ledger advised CryptoBilis customers not to set up unused devices and urged those already using one to transfer their assets to a new device with a newly generated recovery phrase.
