Ledger Addresses CryptoBilis Wallet Drains, $93M Affected, $10M Frozen
Ledger acknowledges security issues with devices sold through a Southeast Asian reseller, affecting $93 million in crypto assets.
Ledger acknowledges security issues with devices sold through a Southeast Asian reseller, affecting $93 million in crypto assets. This is an original Token Times brief synthesising 2 outlets (CoinDesk, U.Today), with their figures cross-checked, plus live market data, as of Mon, 12 Oct 2026 14:00:01 UTC.
The incident highlights vulnerabilities in hardware wallet distribution channels and raises concerns about user trust in secure storage solutions.
- Up to $93M in crypto assets drained across multiple blockchains.
- $10M of affected funds have been frozen by exchanges.
- All confirmed cases linked to devices from a Southeast Asian reseller.
CoinDesk and U.Today both report that up to $93 million in cryptocurrency has been compromised across Bitcoin, Ethereum, TRON, BNB Chain, and Polygon. They agree that Ledger has traced the compromised devices to a Southeast Asian reseller, with $10 million of the stolen funds frozen by exchanges. However, U.Today provides a more detailed breakdown of the affected blockchains, while CoinDesk focuses on the distribution channel issue and criticism of Ledger's response.
Hardware wallet manufacturer Ledger has acknowledged security issues affecting devices sold through a Southeast Asian reseller, resulting in the compromise of up to $93 million in cryptocurrency across multiple blockchains. The affected assets include 
Bitcoin, 
Ethereum, TRON, BNB Chain, and Polygon, according to U.Today.
The company has confirmed that all reported cases are linked to devices from the specific reseller, though the exact number of compromised devices remains undisclosed. This incident has sparked criticism regarding Ledger's oversight of its authorized sales channels.
Multiple outlets, including CoinDesk and U.Today, corroborate that $93 million in cryptocurrency has been affected, with $10 million of the stolen funds frozen by exchanges. However, the outlets differ slightly in their focus, with U.Today providing a more detailed breakdown of the affected blockchains, while CoinDesk emphasizes the distribution channel issue and criticism of Ledger's response.
This incident comes at a time when the cryptocurrency market is experiencing relative stability, with a total market cap of $2.88 trillion. Despite the overall market remaining flat, the news has raised concerns about the security of hardware wallets and the potential impact on user trust.
The broader cryptocurrency market remains in a state of 'Greed' according to the Fear & Greed Index, currently at 69. Bitcoin, the largest cryptocurrency by market cap, has seen a slight 0.38% decline in the past 24 hours. The incident may prompt increased scrutiny of hardware wallet security and distribution practices in the coming days.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Ledger Addresses CryptoBilis Wallet Drains, $93M Affected, $ — questions & answers
How much cryptocurrency was affected by the Ledger security issue?
Up to $93 million in cryptocurrency was compromised across multiple blockchains.
What actions has Ledger taken in response to the incident?
Ledger has acknowledged the issue and traced the compromised devices to a Southeast Asian reseller, with $10 million of the stolen funds frozen by exchanges.
Which blockchains were affected by the wallet drain?
The affected blockchains include Bitcoin, Ethereum, TRON, BNB Chain, and Polygon.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CoinDesk, U.Today, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.