TREE NEWS update: Ledger says all confirmed cases of the theft trace back to reseller CryptoBilis, and gave no total loss figure. Onchain trackers put the theft between $93.2 million and $103.4 million, while Bitquery says the thief moved USDC out of five wallets before any freeze took effect.
Ledger Says Confirmed Theft Cases Trace to Reseller CryptoBilis
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AI take
The attribution to a single reseller shifts the story from a protocol breach to a supply-chain one, which matters for how hardware wallets are trusted and distributed. The gap between Ledger's confirmed cases and the onchain estimates is the real signal: without a total loss figure, the scale remains contested, and the reported movement of USDC ahead of any freeze suggests recovery options were limited from the start. Whether other resellers face similar scrutiny is the open question.
Generated by AI for reference only.
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