Ledger investigates alleged $92.9 million crypto theft tied to hardware wallets sold by reseller CryptoBilis in Southeast Asia
first published 2026-10-10T10:49:40Z
Ledger is investigating reports that customers in Indonesia, Malaysia, and the Philippines lost crypto after buying hardware wallets from reseller CryptoBilis. Independent analysts say at least $92.9 million was traced across 311 wallets on multiple chains, and Tether reportedly froze about $10 million in USDT. The cause is not confirmed, but the evidence points to a possible supply-chain issue rather than a proven breach of Ledger systems.
AI Analysis
The article describes a large suspected theft affecting 311 wallets and multiple chains, with funds traced and some USDT frozen. It concerns hardware wallet security and a possible supply-chain issue, which can materially affect market confidence in custody products.
Expected Investor Sentiment: Bearish
Potential Market Impact: High
