so about the $86m ledger drain. everyoneâs screaming âledger got hackedâ again. i spent the evening digging and itâs dumber and scarier than that
thereâs a shop in malaysia called cryptobilis that sells hardware wallets. ledger has it listed as an official authorized reseller since at least 2022, for malaysia, indonesia and the philippines. legit shop, real devices, years of normal customers
this spring the founders sell it. the deal comes with an NDA: they canât tell anyone about the sale until october 19
by august the company registry shows one owner with 100%. some guy from heilongjiang, china
the shop keeps running like nothing happened. the site, the name and the âauthorized by ledgerâ badge all stay up
then on oct 8 @MagicalTux posts photos of a ledger he cracked open. hidden under the screen thereâs an extra little board with an LTE modem and an eSIM. it just watches the display. you set up your wallet, your 24 words show up, and they get sent out over mobile data. ledgerâs genuine check doesnât catch it because the actual ledger chip is real. his device came from malaysia
xitter.cf/MagicalTux/status/2108âŠ
that post does 120k views
22 hours later someone sweeps everything. 203 BTC hits two addresses in literally one block. ~$58m USDT moves on tron in the same hour. i added up all the wallets: ~$91m
about 7 hours after that ledger says âweâre investigatingâ and asks cryptobilis to pause sales
cryptobilis is still on ledgerâs site as an authorized reseller
to be fair, nobody has officially tied the new owner to the bugged devices yet, and ledger hasnât confirmed how it happened. but read it as a business plan:
get authorized, sell real stuff for years, quietly sell the company under an NDA, keep the badge, ship devices that phone home, then drain everything the second someone notices
and was ledger even told the shop got sold? nobodyâs said so
âauthorized resellerâ means ledger trusted whoever ran the shop back in 2022. says nothing about who runs it today
bought your hardware wallet anywhere but the manufacturer? open it up today, ledger literally has a guide for that. then move to a fresh seed on a device bought direct
wonder whoâs going to answer for this: the chinese frontman from heilongjiang, the shopâs previous owners, or ledger itself
@Ledger clearly needs to keep a much closer eye on who they call official resellers, and take way more responsibility for who sells their devices and how
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/
Baji.eth retweeted
Divons un peu @OnRecordVote $RECORD et pourquoi c'est un Gem a ne pas sous-estimĂ© car il s'agit d'une infrastructure de gouvernance onchain indispensable, au moment oĂč la rĂ©gulation exige prĂ©cisĂ©ment ce que le projet propose.
petit récap :
-Le 17 septembre 2026, la SEC a publiĂ© son « Innovation Exemption » : Pour quâun token dâaction soit considĂ©rĂ© comme une vraie action tokenisĂ©e aux Ătats-Unis, il doit porter les mĂȘmes droits que lâaction traditionnelle, y compris le droit de vote.
-Quelques jours plus tĂŽt, Vlad tweet , Robinhood a annoncĂ© quâil ajouterait les droits de vote et le rachat 1:1 en actions rĂ©elles Ă ses Stock Tokens. unchainedcrypto.com/robinhooâŠ
Mais du coup q'est ce que OnRecord ?
en gros pour la fare courte : un mécanisme qui permet de faire remonter les votes des détenteurs de tokens vers les actions réelles détenues en custody .
Le poids de chaque vote est calculĂ© Ă partir dâun snapshot onchain Ă la date record (comme un courtier traditionnel)Le vote est signĂ© par le wallet, enregistrĂ© de façon immuable et consultable par nâimporte qui, y compris par lâĂ©metteur ou par Robinhood
Câest exactement le type dâinfrastructure que la SEC vient dâexiger : un mĂ©canisme qui permet de faire remonter les votes des dĂ©tenteurs de tokens.
De facto nous savons depuis le début suite a une interview qu'il s'agit bien de Georgio et Emiliano de @longbow qui travaille en relation proche avec onrecord et qu'une integration dans leur protocol allait venir.
(Ecoutez a partir de ~46:00 xitter.cf/444eta/status/21005285âŠ)
et recemment l'intĂ©gration ne manque pas Ă l'appel : xitter.cf/OnRecordVote/status/21âŠ
ils annoncent trois autres intĂ©grations du mĂȘme type et « la plus grosse mise Ă jour » Ă venir ... qui seront le heureux elu ?
NIVEAU TOKEN :
Vle mechanisme induit 2 type de vote : vote normal : gratuit, signé au wallet, pas de gas.
Vote confidentiel (shielded) : il faut brûler 1 000 $RECORD pour un bulletin privé.
En plus du burn âprivacyâ, ils ont annoncĂ© un buyback + burn quotidien : les fees servent Ă
1) acheter des actions dans la treasury et
2) racheter du $RECORD sur le marché pour le brûler. (La majorité irait au buyback)
Donc clairement une utilié au token + modele deflationist
En rĂ©sumĂ©, on a une team solide proche de longbow (10M) + , un token utile et deflationiste + un protocol dâinfra de vote qui manque pour que les action tokenisĂ© fit le cadre lĂ©gal imposĂ© par la SEC .
le tout valorisé à a peine 500k de Mc .
l'intégration sur $BOW est déja pricé depuis lgt imo , mais les gros catalyst d'intégration restent à venir .
c'est un protocol qui devrait ĂȘtre valorisĂ© a plusieurs millions .
a voir ce que le futur nous donne
ca : 0x54babe7eab0516889aae26563a537c0a756f6ec3
The path has a condition in it that everyone's skipping. To qualify, a tokenized stock has to carry the same rights as the real share. Dividends and voting, in the text of the order. Anything that only tracks a price is excluded under a clause the SEC titled "No Synthetics."
So the bar for a tokenized stock in the US is now: does it vote.
Robinhood Chain is the largest tokenized stock market in the world. OnRecord is the only place on it where a holder can vote. Every proposal from every proxy card, signed by your wallet, sealed until close, attested on-chain.
AMC holds its annual meeting today. It's the first shareholder meeting anywhere where tokenized holders had a ballot in front of them, and their instructions are already on the record.
The SEC wrote the standard last week. The first meeting under it is this afternoon.
onrecord.vote
Influensas are drownin so bad in this market, tryna act like political spurts just to keep churning out content
Mes suiveurs c'est comme des patates dans l'champ, y'en a en masse, mais y'en a pas ben qui sortent du lot osti
Baji.eth retweeted
The desire to succeed has to be bigger than the fear of failing.
Keep grindin! Take calculated risks! đ€
\_________________/
__/__|______|__\__
/âââââââ\
|__/___D3G3N___\__|
\oo___|_||_|_||_|___oo/
Baji.eth retweeted
Exciting adventure of ââš-âš nouns in NounishPunk Game! Join us:
premint.xyz/nounishpunk/
Baji.eth retweeted
ââ What will #Bitcoin $BTC do in October?
What would you choose, sir? Pump or dump? Do you have the confidence to back your words with money and challenge someone to a #pvp bet?
Let us know your choice and who you'd like to challenge đ„đ
#yoyomarket #gamblefi
Baji.eth retweeted
ââ Roadmap update đ
Earn some extra monies?
Refer a friend to Yoyo Market, 10% commission on every bet from your reflink.
Add Yoyo Market bot to your #community. 10% commission for channel owners.
More details soon!
Tag your fav community (admin) who NEEDS to see this!đ
Excited to dive into the world of #GambleFi and #PvP betting with #yoyomarket :)
Don't forget to tag three friends who would be interested in this thread !















