Ledger Warns Buyers Not to Set Up Wallets From Reseller After Users Report Losses

Ledger is investigating fund losses reported by users who purchased hardware wallets from the Southeast Asian reseller CryptoBilis. The manufacturer has warned buyers against setting up devices from this specific reseller after reports of wallets being drained. Independent researchers estimate that suspected crypto thefts linked to these incidents range between $72 million and $86 million. Ledger continues to probe the situation to determine the extent of the losses tied to the reseller's activities.