Update
Ledger Updates on Reseller CryptoBilis Incident
Hardware wallet manufacturer Ledger has provided an update on the suspected $87 million drain incident involving reseller CryptoBilis. The update states that all confirmed cases of impacted devices are linked to CryptoBilis, and that its own systems and direct sales channels remain unaffected. Ledger has confirmed that CryptoBilis has ceased all sales of hardware wallets. The update also includes measures for authorized resellers and distributors, warning them against sourcing products through unauthorized channels. Ledger has advised CryptoBilis buyers to move their funds to a new seed phrase on a device bought from Ledger to avoid potential security risks. The company has also called on the industry to work together on supply-chain and anti-tamper practices to prevent future incidents.