🚨 BREAKING: $86M in crypto reportedly drained from Ledger hardware wallets
Ledger is investigating reports of fund losses from users in South East Asia who bought devices from a reseller called CryptoBillis.

HERE is what Ledger has done and said so far...

Asked CryptoBillis to pause all sales and shipments of Ledger devices
Bought from this reseller in the last 90 days and haven’t set up yet?

Don’t start setup

Already set up your device?

Move your assets to a new Ledger signer with a new seed
Ledger says it will keep customers updated as the investigation continues.

My take: this is a reseller problem, not a confirmed break in Ledger’s hardware.

The investigation isn’t finished, though, so nothing is certain yet.
The lesson is the same as always.
Buy hardware wallets only from the official store, and never use a seed phrase that came pre-set or pre-generated.

Self-custody only protects you if the device is clean from day one.

Did you ever buy a wallet from a third party seller?

PS: $BTC is pumping again and I’m bullish

$ETH $BNB

#Ledger #CryptoSecurity #SelfCustody