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User loses 80 BTC after buying Ledger from CryptoBillis

A user who bought 80 BTC at an average price of about $65,000 four months ago, a position once up $1.38 million, has lost all of it after purchasing a Ledger device from reseller CryptoBillis about a week ago and depositing the full 80 BTC into it. On-chain data shows the BTC was deposited on Sept. 29 and moved on Oct. 9 to an address previously flagged by analysts as a theft address.

Original source

AI take

This is a supply-chain compromise, not a Ledger protocol failure, and it shifts the trust question to reseller channels where hardware wallets are often bought at a discount. The scale — a single eight-figure position swept in one transaction — underscores that self-custody risk now sits as much in procurement as in key management. Whether second-hand or third-party sellers face any accountability, and whether buyers can verify device integrity before funding, is the open question.

Generated by AI for reference only.

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