Hardware wallet maker Ledger says it is investigating potential issues tied to devices sold by Southeast Asian reseller CryptoBilis after onchain investigators and reports pointed to large-scale suspected crypto theft. Separate analysis cited in coverage estimates that roughly $72 million to $86 million may be involved, with one figure put at more than $86 million.
Ledger says it has contacted CryptoBilis and asked the reseller to pause sales. It also urges recent buyers not to set up or initialize their Ledger devices while the investigation continues. Other reporting notes social posts circulating about crypto assets being drained from addresses associated with Bitcoin, Ethereum, and Tron.
Outlets describe the work as an effort to determine whether wallet tampering or other compromise occurred in the supply chain, while acknowledging that the figures cited come from onchain tracking and suspected theft rather than confirmed losses. The company’s response focuses on mitigation steps for affected and potentially affected users as the probe proceeds.
