Download carousel from X (Twitter) — World’s Largest Hardware Wallet Maker Ledger Investigates Wallet-Draining Reports; Onchain Analyst…

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World’s Largest Hardware Wallet Maker Ledger Investigates Wallet-Draining Reports; Onchain Analyst Estimates Losses Above $86M Ledger, the world’s largest hardware wallet manufacturer, said it is investigating reports of stolen funds involving users in Southeast Asia who purchased devices from reseller CryptoBilis. The company has asked CryptoBilis to pause sales and shipments during the investigation and advised customers who bought devices from the reseller within the past 90 days not to initialize them. Users who have already set up their devices were advised to move assets to a new Ledger signer using a new seed phrase. Separately, onchain investigator Specter said he traced…