Ledger investigates Southeast Asian distributor CryptoBilis device security incident, resulting in losses exceeding $86 million

Ledger is investigating a device security incident involving Southeast Asian distributor CryptoBilis, which resulted in the theft of multi chain wallet assets and losses exceeding $86 million. Ledger has requested CryptoBilis to temporarily suspend sales and shipments, and recommends that users who have recently purchased devices through the distributor do not initialize their devices. If the setup has been completed, assets should be transferred to a new wallet. Specter estimates that hundreds of wallets on Bitcoin, Ethereum, and the Tron network have been stolen, and Tanuki42 estimates that the losses have exceeded $72 million.