Tampered Ledger wallets allegedly drained more than $86 million

More than $86 million was drained from hundreds of Ledger wallets across Bitcoin, Ethereum, and Tron, and the suspected failure sits outside the wallet software itself. The reported theft involved devices sold through reseller CryptoBilis, shifting attention to the physical distribution chain.

Reports described implanted eSIM, LTE, and CPU components designed to capture recovery words displayed on tampered devices. Onchain investigator SpecterAnalyst traced funds from victim wallets to theft addresses. Ledger is still investigating where the devices were altered and has not confirmed a company-wide exploit or individual reseller supply chains.