Ledger Probes $91 Million Crypto Wallet Drain Linked to Reseller Devices

Ledger is investigating a reported $91 million loss involving hundreds of cryptocurrency wallets tied to devices sold by Southeast Asian reseller CryptoBilis, raising concerns about modified hardware wallets. The drained funds were spread across Ethereum, TRON and Bitcoin. Alex Thorn estimated the total loss at $91 million, while on-chain analysis identified more than $86 million taken from affected wallets. Ledger said all confirmed cases from the Oct. 9 incident involve devices sold through CryptoBilis. The company said its systems and direct sales channels were not affected. One affected customer’s device contained an unauthorized hardware implant.

Source: TokenPost