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CZ Alleges Hackers Bought CryptoBilis as Ledger Probes Wallet Drains

Binance founder CZ alleged that hackers acquired the crypto reseller CryptoBilis, as Ledger investigates wallet drains. CryptoBilis’s former founders said they handed over operations in March and that their acquisition agreement delayed a public announcement until mid-October.

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AI take

The claim that hackers took over a reseller, paired with Ledger's own investigation, shifts the story from isolated wallet drains toward the security of the purchase and support chain around hardware wallets. That matters because users rely on resellers as a trusted link, and a compromised intermediary can undermine the device's guarantees without any flaw in the device itself. The open question is whether Ledger's probe traces the drains to that channel, and whether delayed disclosure around the acquisition is treated as a contributing factor.

Generated by AI for reference only.

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