72 hour update on reseller CryptoBilis incident 🔽
As the investigation continues, we are working with relevant authorities. The volume of impacted devices is limited. We know this is concerning, especially for those directly affected, and we are reaching out to impacted users.
To date, all confirmed cases related to the disclosed draining incident of Oct 9th, 2026, involve devices sold through the Southeast Asia reseller CryptoBilis. Our systems and direct sales channels remain unaffected.
We take the CryptoBilis situation seriously and are actively investigating.
We encourage impacted users to reach out to Ledger Support through official channels and file complaints with their local law enforcement authorities. As a reminder, CryptoBilis has confirmed having ceased all sales of hardware wallets.
We are reminding our authorized resellers and distributors to source products only through authorized channels and never to restock returned products.
Also, we strongly advise users not to purchase from unauthorized resellers, where the risk of buying suspicious, counterfeit or modified devices is important as nothing operates under ledger security guidelines.
Security isn’t static and this incident underscores why we continuously review and strengthen our distribution and anti-tamper processes.
We are continuously improving that work now and events like this strengthen our resolution: reviewing authorized reseller controls, advancing hardware protections, and cooperating with authorities. Thanks to @SEAL_911 for their collaborative support and all their efforts.
This is an ongoing threat that doesn’t just impact Ledger, but the whole ecosystem, and we are calling others in the space to work with us on making improvements for users.
We believe in jointly working with researchers, other vendors and partners on improving industry chain-of-custody practices and anti-tamper techniques. Raising the bar on physical supply-chain integrity benefits the entire ecosystem. If you have relevant information, contact [email protected].
For CryptoBilis buyers: do not initialize unused devices. If already set up, move to a new seed on a device from Ledger. If you have concerns that your device was impacted by the CryptoBilis incident, please contact Ledger Support through the official site: support.Ledger.com.
Ledger Support is available 24/7 to answer your questions and concerns.
Scammers often try to take advantage of incidents like this. Rely only on official Ledger channels. Ledger will never call you, DM you, or ask for your 24-word recovery phrase.
The Crypto Truth retweeted
Seven years later and I'm still waiting
The Crypto Truth retweeted
What's crazier is the hackers apparently bought the reseller and made them sign a non-disclosure agreement to keep their mouth shut.
So many things wrong here...
JUST IN: UP CLOSE VIDEO SHOWS HOW HACKERS STOLE OVER $80,000,000 SILENTLY CORRUPTING LEDGER #BITCOIN WALLETS
A SCAM SHOP IN MALAYSIA WAS LISTED AS AN "OFFICIAL AUTHORIZED RESELLER FOR YEARS"
BEHIND THE SCENES, CRIMINALS WERE INSERTING MICROSCOPIC SPY CHIPS ON EVERY WALLET
THEY REPACKAGED THE DEVICE AND SHIPPED IT TO UNSUSPECTING VICTIMS
ALL THE WHILE IT WAS SILENTLY CAPTURING THEIR PRIVATE KEYS
THIS IS WILD ‼️
The Crypto Truth retweeted
⚠️ Beware if you use a Ledger hardware wallet, especially if you bought one recently.
Based on information so far, it seems to be localized to a supply chain attack with one vendor. A small number of people probably bought fake (or tampered) Ledgers.
Ledger is one of the most secure and oldest hardware wallets in the industry. Stood the test of time. But these things happen.
I expect and know all BNB ecosystem players (and all industry) to help trace and recover the funds.
Ledger is investigating reports of loss of funds from users in South East Asia who purchased products from a reseller named CryptoBillis. As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices. We recommend Ledger users who purchased from this reseller in the last 90 days to not initiate set up if you have not done so yet. If you have set up your Ledger device, consider moving assets to a new Ledger signer (with new seed). We will continue to inform customers of updates as the investigation progresses.
Reach out to Ledger customer support through official channels with any questions: support.ledger.com/
The Crypto Truth retweeted
Tokenisation is not for for providing tokenised versions of Google and Meta.
It is to help companies and entrepreneurs raise capital in markets where tradfi does not serve them.
The popular version of the tokenisation story is investor access, which solves half the problem.
The other half is companies that cannot reach capital markets at all.
Bitfinex Securities is focused on connecting them to a global pool of investors.
blog.bitfinex.com/bitfinex-s…
The Crypto Truth retweeted
JUST IN: Standard Chartered Bank becomes first Global Systemically Important Bank to launch institutional Bitcoin trading in the UAE 🇦🇪
Bitcoin is up today but the lesson remains the same.
Buy bitcoin when it's up, buy bitcoin when it's down, buy bitcoin when you think it's too late.
They have to print more money. They will print more money. They are printing more money.
The Crypto Truth retweeted
Bulls are always too married to their moon math thesis at the top to notice when it's over.
I'm noticing many bears who remain married to their thesis of what the idealised Bitcoin bear market low has to look like.
They missed the inflection point by several months as a result.
The Crypto Truth retweeted
Bitcoin is taking another run at $82.5k, a level that could confirm a meaningful regime change if cleared.
In our latest piece, @_Checkmatey_ examines why recent price action looks increasingly different from the 2025-26 bear, and what the “Quiet and Trending” framework tells us about the early stages of a new bull cycle.
Read today with a Premium subscription → newsletter.checkonchain.com/…
The Crypto Truth retweeted
🔥 NEW: Solana validators approved a proposal to double SOL’s annual disinflation rate from 15% to 30%, cutting estimated issuance by 18.9 million SOL over the next six years.
cointelegraph.com/news/solan…
The Crypto Truth retweeted
“In my whole life I've never been good at something I wasn't very interested in. It just doesn't work. There's no substitute for strong interest.”
— Charlie Munger


































