Hardware wallet maker Ledger has requested sellers and distributors in six Southeast Asian countries and Hong Kong to suspend sales and remove its devices from shelves as it investigates reports of tampered wallets containing spy implants that transmitted users' recovery phrases.
Ledger confirmed that all verified draining cases involve devices sold through Southeast Asian reseller CryptoBilis, with approximately $3.89 million traced to Binance deposits. The company says its direct sales channels remain unaffected.
Hardware wallet maker Ledger confirmed that one device purchased from a Southeast Asian reseller contained an unauthorized hardware implant, following reports of crypto losses totaling approximately $86 million from users who bought from the reseller.
Hardware wallet maker Ledger is investigating reports that customers in Southeast Asia who purchased devices from authorized reseller CryptoBilis have lost funds, with on-chain investigators estimating losses near $86-90 million across Bitcoin, Ethereum, and Tron. Ledger has asked CryptoBilis to pause sales and shipments while the investigation continues.
