Ledger investigates fund losses linked to Southeast Asian reseller, warns users
60-second summary
Ledger is investigating fund losses tied to Southeast Asian reseller CryptoBilis, after researchers estimate between $72 million and $86 million in suspected crypto thefts. The probe focuses on whether the reseller’s operations facilitated unauthorized withdrawals from Ledger’s hardware wallets. This scrutiny highlights vulnerabilities in third‑party distribution channels, prompting users to reassess security practices and potentially tightening industry compliance standards.
Hardware wallet maker Ledger probes losses tied to reseller CryptoBilis, as researchers separately estimate more than $72 million to $86 million in suspected crypto thefts.