Ledger halts SE Asia reseller CryptoBilis after $86M+ wallet drain

Ledger has halted sales by its Southeast Asia reseller CryptoBilis after wallets belonging to customers who bought devices through that channel were drained of an estimated $72 million to nearly $90 million. The hardware wallet maker said it is investigating the losses and has asked CryptoBilis to pause all sales and shipments of Ledger devices pending the outcome. Ledger advised users who purchased from the reseller in the past 90 days not to set up unused devices, and to move assets to a new Ledger device with a new seed phrase if their device is already in use.