Ledger investigates fund losses linked to Southeast Asian reseller, warns users

Hardware wallet maker Ledger probes losses tied to reseller CryptoBilis, as researchers separately estimate more than $72 million to $86 million in suspected crypto thefts.

Hardware wallet maker Ledger is investigating reports of cryptocurrency losses involving devices purchased from a Southeast Asian reseller, warning affected customers to consider moving their assets to new wallets while the investigation continues.

In a statement posted on X, Ledger said it had asked reseller CryptoBilis to suspend sales and shipments of its devices as a precaution. Customers who purchased devices from the reseller within the past 90 days were advised not to set them up, while those who had already done so were advised to consider transferring their assets to a new Ledger signer with a newly generated recovery phrase.

CryptoBilis is listed as an authorized Ledger reseller in Indonesia, Malaysia and the Philippines.

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