A crypto trader reportedly lost 80 BTC worth around $6.6 million in a single transfer after storing the coins on a newly purchased Ledger hardware wallet for just 10 days.
Blockchain tracker Lookonchain said the device was purchased through Southeast Asian reseller CryptoBilis. Ledger has reportedly asked the reseller to suspend sales while it investigates the incident.
The wider case could be even bigger. MistTrack estimates that losses linked to the broader Ledger-related drain may approach $90 million while reports say Tether froze USDT associated with the theft.
The incident is a reminder that hardware wallets alone cannot eliminate every security risk. Always verify where devices come from and investigate any suspicious wallet activity.
#Bitcoin #CryptoSecurity #BTC $BTC
Blockchain tracker Lookonchain said the device was purchased through Southeast Asian reseller CryptoBilis. Ledger has reportedly asked the reseller to suspend sales while it investigates the incident.
The wider case could be even bigger. MistTrack estimates that losses linked to the broader Ledger-related drain may approach $90 million while reports say Tether froze USDT associated with the theft.
The incident is a reminder that hardware wallets alone cannot eliminate every security risk. Always verify where devices come from and investigate any suspicious wallet activity.
#Bitcoin #CryptoSecurity #BTC $BTC