Social Lounge Started Oct 9, 2026 2:27 PM

$86,000,000 worth of crypto reportedly drained from "Ledger" hardware wallets.

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Oct 9, 2026 2:27 PM
#1

https://x.com/WatcherGuru/status/2108555739048575089

https://x.com/Ledger_Support/status/2108551100613714002

Ledger is investigating reports of loss of funds from users in South East Asia who purchased products from a reseller named CryptoBillis. As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices. We recommend Ledger users who purchased from this reseller in the last 90 days to not initiate set up if you have not done so yet. If you have set up your Ledger device, consider moving assets to a new Ledger signer (with new seed). We will continue to inform customers of updates as the investigation progresses.

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Oct 9, 2026 9:35 PM
#2

@xenu Never buy a 'crypto storage' product. Bad move 10 times out of 10!

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Oct 10, 2026 12:51 AM
#3

@Nebuchadnezzar_II at this point i'll just write my seed phrase in stone tablet and burried it 6 feet deep.

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Oct 10, 2026 3:29 PM
#4

@xenu wait, its hardware wallet right?
how TF they can get stolen?

the hardware is compromised (from the reseller) ? using internet?
i so confused. on my brain all hardware wallet was offline by default, just like how "bitcoin paper wallet" way back on 2015

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Oct 10, 2026 3:43 PM
#5

@UsualCat
It sounds like customers bought a device from the hackers who had already modified it.

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Oct 10, 2026 3:45 PM Edited Oct 10, 2026 3:46 PM
#6

@xenu the hardware was compromised. Someone snuck in a piece in the hardware during manufacturing, that intercepted the seed phrase and transmitted it to attackers. They're recalling ledgers sold in the last 90 days.

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