Ledger says Southeast Asia reseller linked to $86M draining

Ledger users in Southeast Asia who purchased their wallets from a reseller named CryptoBilis have reportedly been drained for over $80 million so far in an ongoing hack. Crypto analysts Specter and Tanuki42 first noted reports of Ledger users losing funds. They traced the addresses and came up with loss estimates between $72 million and over $86 million. Ledger subsequently confirmed it was investigating a specific issue concerning CryptoBilis, which has been told “to pause all sales and shipments of Ledger devices.” Users who bought devices from CryptoBilis in the past 90 days were also advised not to initiate setup…

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Protos.