Market News / Story
Ledger investigates wallet drains involving CryptoBilis buyers; estimate tops $86 million in losses
The Block ·
The Block reports: Crypto hardware wallet maker Ledger said it is investigating reports of fund losses from users in Southeast Asia who bought its products from reseller CryptoBilis. One onchain researcher estimated the suspected thefts at more than $86 million. The cause of the losses remains unclear. Ledger said it has asked CryptoBilis to pause all sales and shipments while it investigates. CryptoBilis is listed as an official Ledger reseller in Indonesia, Malaysia and the Philippines.…