Ledger investigates wallet drains involving CryptoBilis buyers; estimate tops $86 million in losses

60-second summary

Ledger investigates Southeast Asian users’ wallet drains after purchasing its hardware from reseller CryptoBilis, estimating losses exceeding $86 million. The firm says it is reviewing transaction data and collaborating with authorities to trace the illicit activity. This probe highlights vulnerabilities in third‑party distribution channels, prompting investors to scrutinize supply‑chain security and potentially dampening demand for hardware wallets.