Ledger is investigating a theft affecting Southeast Asian users who purchased hardware wallets through distributor CryptoBilis. On-chain investigators estimate losses exceeding $86 million across Bitcoin, Ethereum, and TRON networks, with the incident still under investigation.
Ledger is investigating reports of user funds being drained from hardware wallets purchased through reseller CryptoBilis in Southeast Asia over the last 90 days, with blockchain investigator Specter estimating over $86 million lost. The company advised affected customers not to set up their devices and to move assets to new Ledger signers, while confirming that Ledger's own infrastructure and systems were not compromised.
Zhao Changpeng warned Ledger hardware wallet users about a supply chain attack involving counterfeit or tampered devices sold through distributor CryptoBilis, primarily affecting Southeast Asian users. The incident has resulted in hundreds of wallet thefts across Bitcoin, Ethereum, and TRON networks with losses exceeding 86 million dollars, though the root cause remains under investigation.