Ledger users reportedly drained of over $86 million in suspected exploit
Photo: Crypto Briefing
On-chain analyst Specter traced stolen funds across Ethereum, TRON and Bitcoin, while Ledger has yet to comment publicly. Hardware wallets exist for one reason: to keep your crypto safe when everything else goes wrong. On October 9, 2026, that promise reportedly took a serious hit. On-chain analyst Specter (@SpecterAnalyst) flagged what appears to be a coordinated drain of funds from Ledger hardware wallet users. Cumulative losses are estimated at over $86 million , and some reports suggest the final figure could approach $100 million. The cause has not been confirmed. Ledger has not said anything publicly.
Source: Crypto Briefing
