The Block • October 9th 2026, 2:52 PM
Ledger investigates wallet drains involving CryptoBilis buyers; estimate tops $86 million in losses
Key Summary
Cryptocurrency wallet provider Ledger is investigating losses suffered by its users in Southeast Asia who purchased its products from reseller CryptoBilis, with estimated losses totaling $86 million
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Ledger Probes CryptoBilis Wallet Drains Affecting $86 Million in Losses
Background
Ledger has received reports of significant fund losses from users who purchased its products from CryptoBilis, a reseller based in Southeast Asia.
Impact
The estimated losses total $86 million, with affected users reporting issues with their wallets.
Investigation
Ledger has initiated an investigation into the matter, working to determine the cause of the losses and provide assistance to affected users.
#CryptoBilis#SoutheastAsia#SEC