On October 9, researchers reported that hundreds of users of Ledger hardware wallets had been drained. Analyst Specter puts losses above $86 million across Ethereum, TRON and Bitcoin, while researcher tanuki42 estimates at least $72 million. The Security Alliance (SEAL) pointed victims to its SEAL 911 help channel.
These figures are unconfirmed. Ledger has not published a security incident on its blog or status page, and a vulnerability affecting all Ledger products has not been shown. Ledger Support did ask Malaysian reseller CryptoBilis to pause all sales pending an investigation. Buyers from the past 90 days are told not to set up their devices, and those who already did are advised to move funds to a new device with a new seed phrase.
Whether devices were tampered with before delivery is the key open question. How the funds were taken is unknown. Reports of a total near $100 million come only from smaller outlets.
Anyone who bought from an unofficial seller should avoid using the device until Ledger publishes the results of its investigation. Buy hardware wallets only from the manufacturer’s official store.
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