Ledger investigates hardware wallet theft reports; losses estimated above $86M

Reports of Ledger hardware wallet theft have prompted an investigation into devices sold by CryptoBilis in Southeast Asia , with the manufacturer asking the reseller to suspend sales and shipments. Separately, onchain investigator Specter estimated losses of more than $86 million across hundreds of wallets. According to Wu Blockchain , Ledger advised customers who purchased devices from CryptoBilis within the past 90 days not to initialize them. Customers who have already completed setup should consider transferring their assets to a new Ledger signer with a newly generated seed phrase. The investigation and Specter’s estimate were reported on October 9, 2026.

Source: The Cryptonomist