Ledger investigates wallet drains affecting CryptoBilis hardware wallet buyers with estimated losses exceeding $86 million.
Security & Exploits ·
Ledger has initiated an investigation into wallet drains affecting buyers of CryptoBilis hardware wallets, with estimated losses exceeding $86 million. The company requested that CryptoBilis halt sales and advised purchasers from the preceding 90 days to refrain from initializing their devices, or if already activated, to consider transferring assets to a new signer.
The scope of the vulnerability and its underlying mechanics remain unclear from available disclosures. The nature of the exploit—whether tied to compromised hardware, firmware, supply-chain interference, or another vector—has not been publicly detailed.
What remains unresolved is whether the investigation will establish root cause, how many devices or users are affected beyond the 90-day window, and what remediation steps Ledger and CryptoBilis plan to implement. The timeline for resolution and any compensation framework for affected holders have not been announced.