Ledger Claims CryptoBilis Cases Are Limited as Up to $93 Million Is Traced

Up to $93.2 million in crypto was stolen from wallets linked to Ledger devices sold by the authorized reseller CryptoBilis, according to blockchain analytics firm Bitquery. Tether has frozen $10 million in USDT tied to the theft.

Ledger said Sunday that investigations are still underway and confirmed an unauthorized hardware implant in at least one affected device. The company has not confirmed the total stolen or whether it will reimburse victims.

Hundreds of Wallets Drained Across Six Blockchains

Bitquery traced $93.2 million taken mostly in USDT and TRON tokens from 315 wallets across six blockchains. Security platform YFarmX reported a higher figure of $94.5 million from 521 addresses across seven chains. Both estimates rely on public blockchain data.

Roughly $81 million was still traceable onchain as of October 11, with some funds moved through Tornado Cash and Zcash.

Critics Say Blame Rests With Ledger

Ledger has framed the incident as limited to CryptoBilis sales, but the reseller was listed as authorized on Ledger’s website.

Ledger advised affected customers not to set up unused devices and to move assets to a new device with a freshly generated recovery phrase.