Ledger Halts Sales via Reseller CryptoBilis After $86M Loss Claim
The hardware wallet maker has paused sales through reseller CryptoBilis and warned recent buyers, while an analyst attributes roughly $86 million in losses to the situation.
Ledger has stopped selling hardware wallets through the reseller CryptoBilis and issued a warning to customers who recently bought devices through that channel. The move follows claims from a crypto analyst that users have lost about $86 million in connection with the devices.
Ledger has not stated publicly that tampered hardware caused those losses, and the $86 million figure remains an analyst's estimate rather than a confirmed total. The question of whether devices were altered before reaching buyers is unresolved in the source material.
What is known so far
- Ledger has paused sales through third-party reseller CryptoBilis.
- The company has warned people who recently purchased devices via that reseller.
- An analyst has attributed approximately $86 million in user losses to the situation.
- No confirmation has been given that tampered devices are responsible for the reported losses.
Supply chain integrity is a long-standing concern for hardware wallet manufacturers, since a device that is intercepted or altered before delivery can expose users' funds. Ledger's own guidance has historically directed buyers toward official sales channels and advised verifying a device's authenticity and seed generation on first use. The situation remains developing, and the loss figure has not been independently verified.