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Ledger Asks CryptoBilis to Halt Sales After Reports of Lost Funds

Ledger has asked CryptoBilis to stop selling its devices following reports of lost funds, and is telling buyers from the past 90 days to delay setup or move assets to a new Ledger device with a new seed. The hardware wallet maker did not disclose the amount involved or how the funds were lost.

Original source

AI take

The notable part is Ledger's response, not the incident: a hardware vendor is effectively treating a reseller's supply chain as a trust boundary, urging recent buyers to abandon a seed before it is ever used. That shifts risk onto buyers who have no way to verify what they received, and it leaves the reseller channel as the unresolved weak link. Whether Ledger names a cause, quantifies the losses, or tightens reseller oversight is the open question.

Generated by AI for reference only.

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