Ledger Investigates Fund Losses Linked to Southeast Asian Reseller, Warns Users

{"heading_1":"Ledger's Investigation","paragraph_1":"Hardware wallet maker Ledger has initiated an investigation into cryptocurrency losses reported by customers who purchased devices from reseller CryptoBilis. The investigation follows reports of suspected thefts involving addresses across several blockchains.","paragraph_2":"Ledger has advised customers who purchased devices from CryptoBilis within the past 90 days to not set up their devices, and those who have already set them up to consider transferring their assets to a new Ledger signer with a newly generated recovery phrase.","paragraph_3":"Separately, on-chain researchers identified eight wallet addresses allegedly linked to more than $72 million in losses, while another investigator estimated losses exceeding $86 million across Bitcoin, Ethereum, and Tron.","paragraph_4":"Ledger has not confirmed either estimate, and the extent of any connection to the CryptoBilis investigation remains unclear. The company has not disclosed how many customers may be affected or the value of the reported losses.","paragraph_5":"Ledger has not identified the cause of the incidents or confirmed whether the devices were compromised. The company has not received reports involving devices purchased directly from the company, and it has not compromised its infrastructure, systems, or services.","paragraph_6":"Ledger has asked reseller CryptoBilis to suspend sales and shipments of its devices as a precaution. The reseller is listed as an authorized Ledger reseller in Indonesia, Malaysia, and the Philippines."}