According to Decrypt, Ledger asked the reseller CryptoBilis to stop selling devices and advised recent buyers not to set up their new devices. The request followed an investigation by an onchain analyst who identified more than $86 million in movements that appear to match patterns consistent with theft from users.
Ledger did not confirm whether funds were actually taken, but it acted on information provided by the investigator. The company instructed CryptoBilis to pause all sales and warned customers who had recently purchased through the reseller not to complete setup of their devices until further notice. The onchain analysis focused on transactions linked to wallets distributed through CryptoBilis.
No details were given about how many users may be affected, when the suspicious activity occurred, or the specific method used by the reseller. Ledger’s statement emphasized user safety and compliance with regulatory expectations while the investigation continues.
