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CryptoMediumUpdated×2•Originally published 9 October 2026•Updated 9 October 2026•
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Ledger Investigates Crypto Theft Linked to Southeast Asian Reseller

Key Facts

1Ledger is investigating fund losses linked to an authorized reseller named CryptoBilis following reports of users' wallets being drained.
2Researchers estimate suspected crypto thefts to be between $72 million and $86 million.
3Tether has frozen USDT linked to a $90 million theft related to Ledger.

Ledger is investigating fund losses linked to an authorized reseller named CryptoBilis following reports of users' wallets being drained. According to Bitcoin Magazine, the company has advised customers who purchased devices from this vendor within the last 90 days not to set them up and has asked the reseller to pause all sales and shipments. Ledger stated that its own infrastructure and systems were not compromised, noting the incident appears isolated to this specific reseller and market.

Researchers estimate the suspected crypto thefts could reach as high as $86 million. In a related development, Tether has frozen USDT linked to a $90 million theft involving Ledger. These events occur amid heightened security concerns in the cryptocurrency sector, following previous firmware vulnerabilities in other hardware devices that resulted in significant investor losses earlier this year.

Latest Updates · 2

  1. Notable·

    Update: Reports have confirmed that the supply-chain attack targeting Ledger devices resulted in a verified loss of 213.42 BTC. The value of the stolen cryptocurrency is estimated at approximately $17.7 million as of October 9, 2026.

  2. Notable·

    Update: Subsequent investigations revealed that the supply chain attack resulted in the loss of 213.42 Bitcoin, valued at approximately $17.7 million as of October 9, 2026. These funds remain unspent and are currently held across three consolidation addresses.