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People frequently ask what a crypto agency can do to protect victims of scams?
Check out our recent Linkedin Post to get some insight into one of our recent cases.
linkedin.com/posts/cipherbla…
Ledger, Oct. 15: reseller sales pause requested in SE Asia/Hong Kong. CryptoBilis buyers: don't set up devices; if set up, move assets promptly to a new signer/new seed. Never enter or restore a phrase on the CryptoBilis device.
ledger.com/blog-response-har…
xitter.cf/Ledger/status/21098967…
Update from Ledger Donjon on the CryptoBilis investigation 🔽
@DonjonLedger is investigating Ledger signers sold by CryptoBilis, a reseller in Southeast Asia, that contained an unauthorized hardware implant. Ledger confirmed this on October 10th for one affected user's signer. All confirmed fund losses tied to the incident disclosed on October 9th involve signers sold through CryptoBilis. We have not verified a drain linked to a signer bought elsewhere. CryptoBilis has confirmed it stopped selling Ledger signers while the investigation continues.
Based on the Donjon's analysis of the attack, the implant sits inside the enclosure and reads the data shown on the screen. During setup, the signer displays the 24-word recovery phrase. When the implant detects these screens, its microcontroller decodes the words and transmits them over LTE using a provisioned eSIM. The implant is a separate component. It does not modify the Secure Element or the Ledger operating system, and it does not alter transactions or signatures.
The Donjon will analyze the signers it receives and will share more as the investigation continues.
We have not confirmed the total number of affected users or the total value lost. Figures circulating online come from third parties and Ledger has not fully verified them. If your funds were drained and you have not contacted us, please do so through Ledger Support so we can include your case. We are also reviewing reports of implants in other signers and locations. We will continue to share information as the investigation progresses. Rest assured the Ledger team is going above and beyond to leave no stone unturned to investigate this situation to the strongest possible outcome.
If you bought a Ledger signer from CryptoBilis and have not set it up, do not set it up and contact Ledger Support. If you have set it up, transfer your assets promptly to a new signer with a new recovery phrase. Do not enter or restore any recovery phrase on a signer bought from CryptoBilis. Never enter your recovery phrase into a website, app or form.
If you lost funds or hold a tampered signer, contact Ledger Support at support.ledger.com and file a report with local law enforcement. Do not send the signer to anyone before speaking with Ledger Support or local law enforcement. If you lost funds, coordinate with law enforcement before opening the signer. Researchers and others with relevant information can write to security@ledger.com.
If you did not buy from CryptoBilis and want to inspect the inside of your signer, the guide is at support.ledger.com/article/4…. Use caution and make sure your recovery phrase is backed up first, because opening a signer can damage it.
Ledger will never call you, message you directly, or ask for your 24-word recovery phrase. We will update this post when we verify new information.
Per the Brooklyn DA, the crypto scam whose 112 servers it disrupted contacted victims weeks later promising to recover losses. Unsolicited recovery offers are a red flag. #CryptoScam #RecoveryScam #FraudPrevention
DA announcement: brooklynda.org/2026/10/14/br…
TRON DAO's Q3 2026 report puts stablecoin settlement at $2.21 trillion (self-reported). Versus Q2: average rolling monthly active addresses +9.8%, daily fees -4.0%, TVL including staking +0.2%. #Blockchain #Stablecoins
Full TRON DAO report: trondao.org/research/state-o…
ZachXBT says he posed as a client to investigate a Chinese OTC network moving Bybit hack funds. His account highlights brokers as a potential tracing lead. #CryptoSecurity #AML #FraudPrevention #Blockchain
Original report: thedefiant.io/news/hacks/zac…
Ledger confirmed a hardware implant in at least one CryptoBilis-sold device. Investigation continues. CryptoBilis buyers: don't initialize it. Already did? Follow Ledger's guidance: a new Ledger-direct device and newly generated recovery phrase.
coindesk.com/tech/2026/10/12…
Cointelegraph reported Oct. 8: over 12,267 BTC moved from a US government-linked wallet. Recipient ownership was unknown at publication. A transfer alone does not establish a sale or payout. #Bitcoin #AssetRecovery
Report: cointelegraph.com/news/us-go…
CCIP 2.0 lets apps add verifiers. CoinDesk reports the separate Risk Management Network is gone. Teams should check their default verifier configuration. #CryptoSecurity #DeFi #Blockchain
Original report: coindesk.com/business/2026/0…
Update: Bitget attributes its $388M loss to a third-party product flaw that exposed internal credentials, not private keys. Vendor access is exchange access. #CryptoSecurity #ExchangeSecurity #FraudPrevention
Original report: cointelegraph.com/news/bitge…
A banking group is challenging the OCC’s crypto trust-charter authority. A lawsuit, not a ruling. Due diligence means checking the legal entity, approval conditions and custody safeguards behind the regulatory label.
decrypt.co/380017/banking-gr…
NEAR Intents says ~$3.8M was returned after it claimed to know the attacker’s identity. Proven identity or bluff? Publicly unknown. Teams like CipherBlade can compile attribution evidence to support recovery efforts. No guarantees.
decrypt.co/380014/near-inten…
As of Sept. 26, ~$83M of the XRP stolen from Bitget had moved; ~$75M remained in wallets Ripple can't freeze. The choke point isn't the ledger — it's the exchanges receiving funds. #CryptoSecurity #AssetRecovery #FraudPrevention #XRP
Original report: coindesk.com/markets/2026/09…
Four to 12 years for a $16M Coinbase phishing scheme: ~100 victims, told by a fake support rep their accounts were hacked. No exchange asks you to move funds to a "safe" wallet. #CryptoScam #FraudPrevention #CryptoSecurity
Original report: coindesk.com/business/2026/0…
52.37 BTC from the July Coldcard seed exploit was moved to a new recovery trust, per Galaxy research. Claim pages attract impostors — verify the domain before entering anything. #CryptoSecurity #Bitcoin #FraudPrevention
Original report: coindesk.com/markets/2026/09…
A Senate procedural vote on the CLARITY Act is a milestone, not enactment. Compliance teams should plan against the bill text, not the headline. #Compliance #CryptoRegulation #DigitalAssets
Original report: cryptoslate.com/why-a-clarit…
Chainalysis reports malicious on-chain writes rose from ~2 to ~11 a day in under a year. Malware instructions stored in transactions outlive domain takedowns. #CryptoSecurity #ThreatIntel #Blockchain #CyberSecurity
Original report: cryptoslate.com/blockchain-m…
Competing groups claim the Revolut breach; Revolut says none contacted it directly. Public ransom demands are cheap to fake. Attribution comes from evidence, not the loudest post. #DataBreach #CryptoSecurity #Compliance
Original report: cointelegraph.com/news/revol…
US authorities restrained $52M in crypto and designated Xinbi a transnational criminal org. Seizing Telegram channels and payment rails targets scam infrastructure, not just operators. #CryptoScam #Sanctions #AML
Original report: cointelegraph.com/news/us-sa…
Roughly 3,400 of ~4,000 BTC returned after the Liquid exploit; about 600 BTC is still outstanding. Negotiated returns aren't recovery until the funds land. #CryptoSecurity #AssetRecovery #FraudPrevention
Original report: decrypt.co/377723/liquid-hac…
Trezor says a third-party breach led to phishing emails from a legitimate domain. Sender address alone is not proof. Never share or enter a seed phrase. #CryptoSecurity #Phishing #FraudPrevention #VendorRisk
Original report: theblock.co/news/defi/2026-0…
61 BTC recovered from Intersango, defunct since 2014. What decided it: old emails, support tickets, bank statements. Decade-old claims turn on documentation, not luck. #AssetRecovery #CryptoSecurity #Bitcoin
Original report: cryptoslate.com/how-61-recov…

