Hacking News
Ledger Claims CryptoBilis Cases Are Limited
Ledger, the hardware-wallet maker, has claimed that the CryptoBilis cases involving devices sold by the Southeast Asian reseller are limited, with up to $93.2 million in crypto traced and $10 million frozen. Critics argue that Ledger must answer for an authorized sales channel. Blockchain analysis firm Bitquery traced $93.2 million linked to the Ledger exploit, with attackers stealing mostly USDT and TRON tokens from 315 wallets across six blockchains. The Tether freeze, confirmed by Bitquery, is important because stablecoin issuers can block tokens linked to crime, unlike bitcoin or ether. Ledger did not confirm the amount stolen or if it is considering a reimbursement plan for those affected by the exploit. The incident is distinct from an April phishing campaign involving a fake Ledger Live app, which drained at least $9.5 million after users entered their recovery phrases. This time, the attacker appears to have obtained the keys needed to directly empty hundreds of wallets.