Multiple users who bought Ledger hardware wallets through reseller CryptoBillis have reportedly lost funds, with total losses nearing $90 million, according to a BlockBeats report published on Oct. 9. On-chain tracker Lookonchain said one affected user, identified by the address TY24Ya, purchased a Ledger device from CryptoBillis three weeks ago and later deposited 7 million USDT into it. Roughly 10 hours before the report, the entire balance had been stolen.
The case may be one of the largest individual losses tied to the broader incident. At this stage, it remains unconfirmed whether the device involved had been tampered with, what technical method was used to drain the funds, or who was behind the theft. The report did not provide a confirmed explanation for the breach.
The incident has drawn attention to risks tied to hardware wallets obtained through third-party distribution channels. Users were urged to stay cautious and treat hardware wallets from unclear sources with extra care.
Multiple users who purchased Ledger hardware wallets from reseller CryptoBillis have reportedly had funds stolen, with combined losses approaching $90 million, according to BlockBeats on Oct. 9.
Lookonchain said one wallet address, TY24Ya, bought a Ledger device from CryptoBillis three weeks ago and deposited 7 million USDT into it. About 10 hours before the report, the full amount was stolen. The loss may rank among the largest single cases linked to the incident.
It has not been confirmed whether the device was tampered with, what technical cause led to the theft, or who carried out the attack. Users were advised to remain cautious when dealing with hardware wallets from unclear sources and third-party reseller channels.
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