According to The Block, Ledger is examining reports of fund losses experienced by users in Southeast Asia who purchased Ledger products through the reseller CryptoBilis. The company has not disclosed details of the investigation timeline or method. It stated that it received reports indicating some customers’ wallets were drained after buying from CryptoBilis. Ledger estimated the total amount involved exceeds $86 million. No official figures for number of affected users or specific products were provided. Ledger did not comment on CryptoBilis’ business model or verification status. The investigation aims to determine how the drains occurred and whether Ledger can take steps to prevent similar incidents.
