Techub reported that on-chain analyst Specter has linked a wave of recent theft reports from Ledger users on X and Reddit to a broader flow of funds moving out of hundreds of victim wallets. According to Specter, the identified addresses have received assets across multiple networks, including Ethereum, TRON and Bitcoin, with total losses topping $86 million.
Some Reddit users said their funds were moved even though they claimed they had not exposed their seed phrases and had limited interaction with on-chain applications. At this stage, however, there is no confirmed common attack path tying the incidents together. There is also no evidence that Ledger hardware wallets or the company’s underlying infrastructure were compromised.
Ledger had not confirmed the suspected large-scale theft incident at the time of publication. The report was cited by Techub and attributed to Wu Blockchain.
Techub reported that on-chain analyst Specter said X and Reddit have recently seen multiple reports of Ledger users losing assets from their wallets.
After tracking the related theft addresses, Specter said funds from hundreds of victim wallets had been identified flowing into those addresses. The activity spans several networks, including Ethereum, TRON and Bitcoin, with cumulative losses exceeding $86 million.
Some Reddit users also reported that assets were transferred out even though they said they had not exposed their seed phrases and had limited interaction with on-chain applications.
At this stage, the incidents have not been tied to a confirmed common attack path. There is also no evidence that Ledger hardware wallets or Ledger’s infrastructure itself was breached. Ledger had not officially confirmed the suspected coordinated theft incident at the time of publication.
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