Ledger Probes Potential Theft of $87M in User Funds Tied to Crypto Wallet Reseller

Ledger is telling some customers to hold off on setting up their hardware wallets. The Paris-based wallet maker said Friday it is investigating reports that users in Southeast Asia who bought devices from a reseller called CryptoBilis have lost funds. “As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices,” the company’s support account wrote on X . Ledger urged anyone who bought from the reseller in the past 90 days not to set up their device if they haven’t already.