#ledgerpausescryptobilissales
๐จ Ledger pauses CryptoBilis sales as reported crypto losses reach up to $86M.
Ledger has reportedly asked CryptoBilis, an authorized reseller serving Indonesia, Malaysia and the Philippines, to suspend sales and shipments while customer fund-loss reports are investigated.
The warning goes beyond the suspected losses.
๐ What customers should know:
Unused devices purchased through the reseller within the past 90 days were reportedly not to be activated.
Existing users were advised to consider moving assets to a new signer with a fresh recovery seed.
On-chain analysts estimate losses of around $72Mโ$86M across $BTC, $ETH and $TRX, but the figures remain unconfirmed.
Ledger says the reports appear limited to this reseller, with no indication its own systems were compromised. The cause is still unclear, and suspected hardware tampering hasn't been verified.
The key takeaway: Self-custody security also depends on the supply chain, not just the wallet itself.
Affected users should follow official Ledger guidance and never share their recovery phrase.
#Ledger #CryptoSecurity #Bitcoin #Ethereum #SelfCustody
๐จ Ledger pauses CryptoBilis sales as reported crypto losses reach up to $86M.
Ledger has reportedly asked CryptoBilis, an authorized reseller serving Indonesia, Malaysia and the Philippines, to suspend sales and shipments while customer fund-loss reports are investigated.
The warning goes beyond the suspected losses.
๐ What customers should know:
Unused devices purchased through the reseller within the past 90 days were reportedly not to be activated.
Existing users were advised to consider moving assets to a new signer with a fresh recovery seed.
On-chain analysts estimate losses of around $72Mโ$86M across $BTC, $ETH and $TRX, but the figures remain unconfirmed.
Ledger says the reports appear limited to this reseller, with no indication its own systems were compromised. The cause is still unclear, and suspected hardware tampering hasn't been verified.
The key takeaway: Self-custody security also depends on the supply chain, not just the wallet itself.
Affected users should follow official Ledger guidance and never share their recovery phrase.
#Ledger #CryptoSecurity #Bitcoin #Ethereum #SelfCustody