Ledger Probes Wallet Drains Tied to CryptoBilis Reseller, Losses May Top $86M

The reputational stakes here are higher than the dollar figure suggests: Ledger's core pitch is that a hardware wallet removes counterparty risk, and this incident points at the reseller channel rather than the device itself as the potential soft spot. If compromised or tampered units entered circulation through a third-party seller, the trust problem lands on every grey-market buyer in the region, not just CryptoBilis customers. The open questions are whether the cause is confirmed as supply-chain tampering or something else entirely, and whether Ledger tightens oversight of authorised resellers.