Analysis: CryptoBilis related Ledger devices were attacked, with assets stolen amounting to as much as 94.5 million USD

According to CoinDesk, several blockchain analysis companies estimate that the assets stolen by attackers from hundreds of wallets associated with the authorized dealer CryptoBilis sold Ledger devices could be as high as $94.5 million. Ledger has not yet confirmed this total.

Hardware wallet company Ledger discovered that unauthorized hardware was implanted in at least one affected device; stablecoin issuer Tether has frozen $10 million USDT related to the theft, and investigators are still tracking the flow of funds. Ledger advises CryptoBilis customers not to set up devices that have not yet been used; customers who are already using the related devices should transfer their assets to new devices and generate new recovery phrases.