Ledger Asks Resellers in Seven Asian Markets to Pull Devices After Suspected $86M Drain
Ledger has asked resellers in Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia and Hong Kong to suspend sales and remove its hardware wallets while it investigates devices containing hidden implants. Confirmed incidents so far involve devices sold through regional reseller CryptoBilis; Ledger says it has found no evidence its systems or direct sales channel were compromised. Its security team says the implant captures the 24-word recovery phrase during setup and transmits it over LTE. An investigator estimates suspected thefts exceed $86 million, but Ledger has not verified that figure. MediaMarkt Saturn also paused sales after a German customer reported an implanted device, with no funds lost. Trezor said it will end reseller authorizations in 2027 as a precaution and reported no evidence its devices were affected.
