*#ledgerpausescryptobilissales đš LEDGER PAUSES CRYPTOBILIS SALES AFTER MAJOR WALLET SECURITY INCIDENT! â ïž*
A serious crypto security investigation is raising concerns after *Ledger asked its Southeast Asian reseller, CryptoBilis, to suspend all sales and shipments* while reports of drained user wallets are investigated.
đ *WHAT HAPPENED?*
According to *Bitquery's on-chain investigation published October 9, 2026:*
đŽ *$92.9M in reported losses:* Approximately *311 wallets across five blockchain networks* (Ethereum, BSC, Tron, Bitcoin, Solana) were reportedly drained. Average loss per wallet: *âŒ$298,700*. This is one of the largest hardware wallet-related incidents in SEA this year.
đ *$10M in USDT frozen:* *Tether froze* funds linked to the incident, but freezing assets does not automatically mean victims will recover their money. Freezing stops movement, but recovery requires legal process. Only 10.7% recovered so far.
â ïž *The cause remains under investigation:* The connection to devices sold through *CryptoBilis has raised supply-chain security concerns.* However, the precise method used to compromise wallet security must be distinguished from confirmed findings. Was it tampered devices? Pre-generated seed phrases? Phishing? Still under probe.
đĄïž *WHAT SHOULD LEDGER BUYERS DO?*
Ledger has advised recent CryptoBilis customers:
1. *Do NOT set up unused devices* bought from CryptoBilis. Keep them sealed until official clearance.
2. Customers who have already activated their devices should carefully review Ledger's official security guidance and *consider moving funds to a trusted device with a completely new recovery phrase* generated offline.
3. *Never enter your recovery phrase* into a website or share it with anyone claiming to offer support. Ledger will NEVER ask for it.
*$BTC $ETH $TRX*
#Ledger #CryptoSecurity #SelfCustody #Bitcoin #CryptoNews #DILkiBATAIN #HardwareWallet
_Security Alert - Educational Only - Follow
A serious crypto security investigation is raising concerns after *Ledger asked its Southeast Asian reseller, CryptoBilis, to suspend all sales and shipments* while reports of drained user wallets are investigated.
đ *WHAT HAPPENED?*
According to *Bitquery's on-chain investigation published October 9, 2026:*
đŽ *$92.9M in reported losses:* Approximately *311 wallets across five blockchain networks* (Ethereum, BSC, Tron, Bitcoin, Solana) were reportedly drained. Average loss per wallet: *âŒ$298,700*. This is one of the largest hardware wallet-related incidents in SEA this year.
đ *$10M in USDT frozen:* *Tether froze* funds linked to the incident, but freezing assets does not automatically mean victims will recover their money. Freezing stops movement, but recovery requires legal process. Only 10.7% recovered so far.
â ïž *The cause remains under investigation:* The connection to devices sold through *CryptoBilis has raised supply-chain security concerns.* However, the precise method used to compromise wallet security must be distinguished from confirmed findings. Was it tampered devices? Pre-generated seed phrases? Phishing? Still under probe.
đĄïž *WHAT SHOULD LEDGER BUYERS DO?*
Ledger has advised recent CryptoBilis customers:
1. *Do NOT set up unused devices* bought from CryptoBilis. Keep them sealed until official clearance.
2. Customers who have already activated their devices should carefully review Ledger's official security guidance and *consider moving funds to a trusted device with a completely new recovery phrase* generated offline.
3. *Never enter your recovery phrase* into a website or share it with anyone claiming to offer support. Ledger will NEVER ask for it.
*$BTC $ETH $TRX*
#Ledger #CryptoSecurity #SelfCustody #Bitcoin #CryptoNews #DILkiBATAIN #HardwareWallet
_Security Alert - Educational Only - Follow