Ledger Investigates Fund Losses Tied to Southeast Asian Reseller After Implant Found in Device
By Mathew Di Salvo
AI summary of the source article
Ledger is investigating fund losses and working with authorities after customers in Southeast Asia reported lost funds and an unauthorized hardware implant was confirmed in a device purchased from reseller CryptoBilis.
Why it matters
Ledger stated: “Security isn’t static and this incident underscores why we continuously review and strengthen our distribution and anti-tamper processes.”
Key facts
- Ledger confirmed that an impacted user's device bought from reseller CryptoBilis contained an unauthorized hardware implant.
- Blockchain investigator Specter stated that $86 million had been drained from devices, though Ledger did not confirm the amount.
- CryptoBilis has halted sales of its hardware wallets, and Ledger advised users who purchased from the vendor not to set up their devices.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Ledger Investigates Fund Losses Tied to Southeast Asian Reseller After Implant Found in Device Ledger has reassured users after people who bought signing devices from a Malaysia-based reseller reported losing funds. This post Ledger Investigates Fund Losses Tied to Southeast Asian Reseller After Implant Found in Device first appeared on Bitcoin Magazine and is written by Mathew Di…