Bitcoin stolen from Ledger hardware wallets
Crypto hardware wallet maker Ledger said it’s investigating reports that a number of users had seen their funds drained, knocking the industry further as attacks continue to pepper a technology once considered impervious to digital theft.
The Paris-based company said the reports indicated affected wallets had been purchased from a Malaysian reseller named CryptoBilis.
A reputed blockchain investigator who uses the pseudonym Specter on Twitter/X said that over $86 million (R1.42 billion) in cryptocurrency may have been stolen from hundreds of wallets.
“I traced the theft addresses and identified inflows from more hundreds of victim wallets across several major blockchains, including Ethereum, TRON, and Bitcoin,” Specter said.
“I mean, I couldn’t get the actual number of wallets yet. Been busy for a few hours trying to identify other theft addresses while reporting them. Stay smart.”
Ledger is investigating reports of loss of funds from users in South East Asia who purchased products from a reseller named CryptoBilis. As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices.…
— Ledger Support (@Ledger_Support) October 9, 2026
“As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices,” the company said in a statement posted on X.
It advised users who had bought unused devices from CryptoBilis in the last 90 days to not set them up, while those who were already using them should consider moving their funds to another wallet.
Ledger declined to provide additional comment. CryptoBilis didn’t immediately respond to a request for comment.
The ongoing incident is the latest in a series of hacks to plague the crypto industry in recent months, including the theft of more than $100 million in Bitcoin from wallets hosted by Canada-based Coinkite.
Hardware wallets, also known as cold storage, are typically considered among the safest places to store cryptocurrency as they use physical devices alongside private passwords to protect assets from unwanted activity.
Reporting with Bloomberg.
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