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Ledger investigates wallet drains involving CryptoBilis buyers; estimate tops $86 million in losses

The Block reports that Ledger is investigating fund losses among Southeast Asian users who bought hardware wallets from the reseller CryptoBilis, an official reseller in Indonesia, Malaysia and the Philippines. Onchain researchers tanuki42 and Specter estimate losses above $72M and $86M across Bitcoin, Ethereum and Tron, but neither figure is confirmed. Ledger asked the reseller to pause sales and advised buyers from the past 90 days not to set up devices, or to move assets to a new signer with a new seed. Changpeng Zhao suggested a supply-chain attack with fake or tampered devices, and Mark Karpeles asked for circuit-board photos to check for tampering.