GoKawiilLedger halts CryptoBilis reseller sales after reports of $72M-$87M in stolen crypto
Ledger says it is investigating reports of stolen funds from users in Southeast Asia who bought devices through reseller CryptoBilis, and has asked the reseller to pause all sales and shipments pending results. The company told buyers from the past 90 days not to set up their devices, and advised those who already have to transfer assets to a new Ledger with a fresh recovery phrase. On-chain researchers Specter and tanuki42 have separately traced victim wallets to suspected theft addresses, estimating losses above $86 million and $72 million respectively, though Ledger has not confirmed any figure, victim count or cause.
GoKawiil's interpretation of the reporting above, not reported fact.
The incident points to a possible supply-chain compromise rather than a flaw in Ledger's own systems, a distinction Ledger and Binance co-founder Changpeng Zhao have both emphasized to limit reputational fallout across its broader reseller network. Because the two independent loss estimates differ and overlap is unclear, the true scale of the breach remains uncertain until Ledger completes its investigation. The episode could prompt scrutiny of how hardware wallet makers vet and monitor third-party resellers in markets outside their direct control.
- Ledger paused all sales and shipments by reseller CryptoBilis pending an investigation into fund thefts in Southeast Asia.
- Independent researchers estimate losses between roughly $72 million and $86 million, but Ledger has not confirmed any figure.
- Ledger says its own infrastructure wasn't breached and recommends affected buyers move funds to a new device with a new recovery phrase.
Ledger Nano X Hardware Wallet — Given this incident ties back to compromised units from an unauthorized/suspect reseller, it's a timely reminder to only buy hardware wallets directly from Ledger or verified official retail channels. A genuine Ledger Nano X keeps your crypto keys offline and secure, which is exactly the protection this article underscores the importance of sourcing safely.
See Ledger Nano X Hardware Wallet on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: techreport.com — Krishi Chowdhary, 2026-10-10
Published there as: “Ledger pauses reseller sales amid suspected $72M-$87M wallet drains”
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