Ledger investigates fund losses linked to Southeast Asian reseller, warns users
Summary
Ledger is investigating reported crypto losses involving devices bought from authorized Southeast Asian reseller CryptoBilis. It asked the reseller to pause sales and shipments, advised recent buyers not to set up unused devices, and urged users who had initialized them to consider moving funds to a new wallet with a fresh recovery phrase. Ledger has not identified a cause, confirmed that devices were compromised, or verified reported loss estimates of more than $72 million to $86 million. The company says its own infrastructure and directly sold devices have not been implicated, and the investigation is ongoing.
