Key facts
- Ledger is investigating alleged losses of up to $86 million from customer wallets.
- The exploit appears to span multiple networks including Bitcoin, Ethereum, and TRON.
- Ledger asked reseller CryptoBillis to pause sales and shipments.
- Users who bought from CryptoBillis in the last 90 days are advised not to set up their wallets.
- Users with already set-up wallets are advised to move funds to a new signer.
Ledger is investigating reports of customer funds being drained, with alleged losses totaling up to $86 million. The company has asked its reseller, CryptoBillis, to pause all sales and shipments of Ledger devices as a precaution.
Ledger recommended that users who purchased their product from CryptoBillis in the last 90 days do not set up their wallet yet, if they haven’t already. For those who have already set up their wallet, Ledger advised them to consider moving their funds to a new signer.
Onchain investigator Specter highlighted reports on X and Reddit detailing Ledger users experiencing wallet drains across multiple networks, including Bitcoin, Ethereum, and TRON. Specter stated that total losses exceed $86 million. Data from Arkham indicates that hackers have stolen nearly $42 million in ETH from users of the crypto wallet provider. Additionally, approximately $17.6 million in BTC and $16.5 million in USDT have been drained.