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Ledger Reveals New Twist in Crypto Wallet Draining Saga, Says Scope Is Limited - U.Today

WALLETS

French firm Ledger said in an Oct. 11 statement that it has only identified cases of the Oct. 9 crypto theft with devices that were bought from CryptoBilis, an authorized reseller for Southeast Asia

"The number of impacted devices is limited," Ledger said without revealing the precise number of compromised wallets

The firm also emphasized that the incident did not affect its systems or direct sales

Meanwhile, Ledger is collaborating with the appropriate authorities to determine how the thefts occurred. The company is also contacting the affected customers

The new statement comes as reports suggest that a significant amount of cryptocurrency has been lost. Blockchain investigators estimate the potential losses to be over $86 million, though the figure has not been confirmed yet

This is the latest in a series of concerning findings related to the ongoing investigation

As previously reported, Ledger said that it found an unauthorized hardware implant on one of the compromised customers' devices. This has led to fears that some wallets may have been altered before they were delivered to customers

However, investigators are still determining whether the same changes caused all the reported thefts

Following the incident, CryptoBilis announced that it has halted sales of all hardware wallets until further notice

Meanwhile, Ledger has also strengthened its supply chain security, including its authorized reseller system, and has made enhancements to its hardware against physical tampering

The firm has also reminded distributors to source products only from authorized sources and not to resell returned devices

Ledger also acknowledged that the problem is not limited to them. The firm has urged other hardware wallet providers and security researchers to bolster industry security against tampering attacks

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