Ledger Users Reportedly Drained of Over $86 Million Across Several Blockchains

AI summary of the source article

On Oct. 9, analyst Specter reported that on-chain traces revealed more than $86 million drained from Ledger users' wallets across networks including Bitcoin, Ethereum, and TRON. The theft involved hundreds of victims, with traced addresses holding only about $25 million as of the latest check, suggesting most funds were already moved. Another researcher, tanuki42, earlier estimated losses surpassing $72 million across eight addresses. The Security Alliance (SEAL) amplified the warnings and asked victims to contact the SEAL 911 Telegram bot for assistance. The exact mechanism behind how the wallets were drained remains unknown.

Key facts

• On-chain traces showed reported losses exceeding $86 million across chains including Bitcoin, Ethereum, and TRON.
• Hundreds of Ledger users' wallets were drained, but the mechanism behind the exploit remains unclear.
• The Security Alliance asked drained users to contact its SEAL 911 Telegram bot.