Can we still trust the claim that a hardware wallet’s private keys never leave the device? Ledger is investigating devices sold by Southeast Asian reseller CryptoBilis after on-chain investigators traced more than $86 million in suspected stolen crypto involving Bitcoin, Ethereum, and Tron addresses. Ledger has asked CryptoBilis to suspend sales and warned recent buyers not to rush into initializing their devices. Researchers estimate the amount at between $72 million and $86 million. One reseller is enough to poke a hole in the idea that “cold wallets are absolutely safe.” I’ve always thought there was a blind spot in the hardware wallet trust model: no matter how secure the chip is, nobody verifies who hands you the box. BTC is holding steady near $82,500, though it’s still down 4% for the week, and the market doesn’t seem to be paying much attention. If you ask me, don’t try to save a few bucks by buying a hardware wallet through an obscure seller—the savings aren’t worth the risk. $BTC $ETH