Hackers ‘Apparently Bought the Reseller,’ Says Changpeng Zhao — Ledger Issues Advisory After Reported $86 Million Crypto Losses

Ledger has reported an unauthorized hardware implant sold by Malaysian reseller CryptoBilis, resulting in over $86 million in cryptocurrency losses. The company has paused all sales and shipments from CryptoBilis and is advising customers not to initialize devices purchased from the reseller. Binance founder Changpeng Zhao suggested that hackers may have acquired CryptoBilis and enforced a non-disclosure agreement to conceal the incident. Ledger's direct sales channels remain unaffected as they reach out to impacted users for support.