loss

According to Lookonchain monitoring, a certain trader has accumulated a loss of 637,000 USD in Papertrade, with a cumulative nominal trading volume of 2.84 billion USD. Their trading losses amount to 1.71 million USD, and they have received 136 million PAPER tokens.In addition, the trader earned a reward of 1.07 million USD in USDC through staking, of which 943,000 USD has been claimed, and 130,000 USD remains unclaimed. In total, their net loss is 637,000 USD.

Ledger stated on platform X that it has coordinated with German retailer MediaMarkt Saturn to suspend the sale of Ledger devices both online and in physical stores to assist with the relevant investigation.Previously, a German user reported finding a suspected implant in the device they purchased. There have been no reports of financial loss, and Ledger has stated that there are no signs that its infrastructure, systems, or services have been compromised. Ledger customer service is reviewing the reports submitted by users, and its cybersecurity team Donjon will inspect the received devices.Ledger reminds users that if they have any questions about their purchased devices, they can contact the support team through the official customer service website. Ledger will never proactively call or message users, nor will it ask for the 24-word recovery phrase.Many claims and data circulating online have not been verified, and scammers may exploit such incidents to carry out fraud. Users should obtain the latest information only through official channels of Ledger and MediaMarkt Saturn.

According to a report from the official Coinbase blog, the Anti-Scam Centre (ASC) of the Singapore Police Force released a briefing on scams and cybercrime for the first half of 2026, showing that cryptocurrency scam losses in Singapore decreased by 43% year-on-year, from 114.9 million Singapore dollars to 65.5 million Singapore dollars.The ASC attributes this achievement in part to the actions taken by industry partners, including the shutdown of 47,500 mobile lines, 37,500 WhatsApp accounts, and 52,200 malicious websites, as well as investigations into over 2,900 money mules and scammers, resulting in approximately 470 prosecutions. The Coinbase Global Intelligence Team identified over 720 potential victims through four joint operations with the ASC, helping to intercept potential losses of over 18.9 million Singapore dollars.

According to cryptocurrency investor @rrealist's post on X, his residence in the UK was broken into, he was bound, and threatened with a knife to be killed, with approximately $800,000 in assets stolen. Among them, $40,000 came from his main wallet, $720,000 from one of the hardware wallets, Ledger, and a Rolex watch was also stolen, while his phone was smashed on the spot.The poster claims he was not seriously injured, only suffering minor bruises, and the police have intervened, with the residence listed as a crime scene. The Solana wallet address involved (B3pMs3...arCR) has a balance of approximately 346.12 SOL.

According to on-chain analyst Ai Yi's monitoring, a certain whale withdrew 600,000 UNI from Binance 40 minutes ago after the price of UNI rebounded, worth 4.28 million dollars.Since October 11, this whale has accumulated a total of 1.2929 million UNI, with a total value of 9.596 million dollars, at an average withdrawal price of 7.42 dollars, currently at a loss of 300,000 dollars.

According to monitoring by Lookonchain, SkyAI, which has held over 2 million SOL worth approximately 214 million USD, has recently been selling a large amount of SOL. SkyAI has disclosed that it recently sold 1 million SOL, worth about 107 million USD, and stated that it may continue to sell.On-chain data shows that since October, SkyAI has transferred out 1.57 million SOL, worth approximately 175 million USD. Its average purchase price was around 194 USD, and it currently has an unrealized loss of over 160 million USD.

According to Bernama, a man's cryptocurrency wallet in Perak, Malaysia is suspected to have been hacked, resulting in a loss of approximately 12.47 million ringgit (about 3.05 million USD). The Perak police chief stated that the victim discovered on the afternoon of October 9 that his crypto assets had been transferred out without authorization.Preliminary investigations show that the relevant transactions were conducted through the blockchain network. The police are collaborating with the Commercial Crime Investigation Department's cryptocurrency division to trace the flow of funds and investigate the individuals involved. The case is currently being investigated under Section 420 of the Malaysian Penal Code regarding fraud, and the specific method of attack has not been disclosed.

According to official website information, the fully on-chain synthetic perpetual trading platform Papertrade deployed on HyperEVM went live for 1 hour, with a cumulative nominal trading volume exceeding 80 billion USD. Data shows that the cumulative trading losses of platform users reached 4.73 million USD.According to official documentation, the issuance model of the Papertrade token PAPER is such that for every 1 USD lost by platform users, the protocol mints a certain amount of PAPER according to a curve. When the LP balance is below 2 million USD, the minting ratio is fixed at 100 PAPER for every 1 USD lost; currently, due to the LP scale exceeding 2 million USD, PAPER emissions have entered a decay mode.Papertrade reads prices from the Hyperliquid order book BBO mid-price, with users directly trading against the protocol LP as the counterparty, rather than through traditional order book matching. The protocol supports high leverage, zero slippage, and no funding rates.

According to on-chain analyst Ai Yi's monitoring, a certain whale that built a position of 11.6 million dollars in UNI, Litecoin, and BNB since September 23 is suspected of liquidating BNB.The whale deposited 2,380 BNB, worth 1.85 million dollars, to Binance within 20 minutes, which would result in a loss of 73,000 dollars if sold; it holds 1,014,020 UNI, worth 8.91 million dollars, with an average extraction price of 8.79 dollars, currently facing an unrealized loss of 1.409 million dollars; it holds 12,397 Litecoins, worth 841,000 dollars, with an average extraction price of 67.86 dollars, currently facing an unrealized loss of 54,000 dollars. The total unrealized loss for the three altcoins amounts to 1.536 million dollars.

According to on-chain analyst Ai Yi's monitoring, the Binance contract real smart money account "Single Wife" holds 18.29 million Lobster long positions, with an opening price of $0.1277. When Lobster reached its historical high of $0.3143 on September 21, the account's peak floating profit once reached $2.19 million, with a position value of $5.75 million.The price of Lobster subsequently fell, and the account closed its positions on October 2 at an average price of $0.09374, ultimately incurring a loss of $907,000, with all previous floating profits completely wiped out.

Hardware wallet dealer CryptoBilis announced that, due to Ledger investigating a case involving fund losses for Southeast Asian users, the company has suspended all sales and shipments of Ledger devices and is cooperating with Ledger's investigation. Ledger previously stated that it is investigating reports of fund losses from Southeast Asian users who purchased products from this dealer, and as a precaution, has requested CryptoBilis to suspend the sales and shipments of related devices, advising users who purchased devices in the past 90 days not to set them up if they have not completed initialization.CryptoBilis reminds users who have completed setup to follow Ledger's advice and transfer their assets to a new Ledger signing device generated with a new mnemonic phrase. It emphasizes that the mnemonic phrase must be generated by the device during initialization and handwritten by the user; if the device comes with a pre-printed or written mnemonic card or paper, or if the mnemonic has been seen by others, the wallet should be considered unsafe, and users should not disclose their mnemonic phrase or PIN to anyone. The notice also warns to be cautious of third parties claiming to assist in recovering lost funds, as such proposals are often scams.For users who have already experienced fund losses, CryptoBilis recommends contacting their official customer service channels and providing the order number, purchase time and location, device serial number, affected wallet address, and transaction ID, while keeping the device and packaging, not resetting or discarding them, and suggests reporting to the police. The company stated that it will not send users links requesting them to connect wallets, input mnemonic phrases, or install software.

Hardware wallet manufacturer Ledger has once again experienced a security incident today, with third-party security agencies estimating the losses to be close to 90 million USD. Ledger is investigating the financial losses related to devices sold by its Southeast Asian authorized distributor CryptoBilis and has requested the distributor to suspend sales and shipments, advising users who purchased devices through this channel in the past 90 days to exercise caution or transfer their assets. The cause of the incident has not yet been definitively confirmed, but it is suspected to involve supply chain or device tampering risks.Major historical attacks and financial loss incidents related to Ledger include:In 2018, early hardware and supply chain research vulnerabilities emerged. Security researchers demonstrated the possibility of tampering with the Nano S before it left the factory, as well as issues such as MCU bootloader bypass, isolation vulnerabilities, and Bitcoin change address injection. Ledger gradually released security announcements and completed fixes, with related issues mostly being research-level vulnerabilities or requiring physical contact with the device to exploit.In 2020, Ledger experienced a massive customer data leak. Attackers obtained e-commerce and marketing databases through third-party API keys and vulnerabilities related to Shopify, exposing over 1 million email addresses and approximately 272,000 to 292,000 detailed customer records, including names, addresses, and phone numbers. The hardware and private keys were not affected, but this incident triggered long-term phishing, social engineering, and counterfeit official letter scams.In December 2023, the Ledger Connect Kit suffered a supply chain attack. After a former employee fell victim to a phishing attack, their NPMJS account was compromised, and attackers released a malicious version of the Connect Kit, injecting malicious code into DApps that relied on the library, enticing users to sign fraudulent transactions. The active window of the attack was about 2 hours, with losses estimated between 480,000 to 600,000 USD. The hardware and Ledger Live itself were not directly breached.In January 2026, third-party Global-e order data was leaked. The payment and logistics partner's system suffered unauthorized access, exposing some Ledger.com order-related information, including names, addresses, and contact details. Ledger's own systems and private keys were not affected, but the phishing risk rose again.In April 2026, counterfeit Ledger Live application scams appeared on the App Store. The counterfeit application was listed for about a week, tricking users into entering their recovery phrases, with over 50 victims losing approximately 9.5 million USD across multiple blockchains. Apple subsequently removed it, and Ledger emphasized that it would never ask for 24-word recovery phrases.In August 2026, Ledger disclosed vulnerabilities related to Ethereum application signatures, including command interleaving causing display content to be out of sync with signature parameters, and Clear-signing bypass issues. The vulnerabilities required malicious hosts to cooperate, and Ledger stated that there was no evidence of actual user exploitation; related issues have been fixed in the new version.On October 9, 2026, a large-scale wallet draining incident related to the CryptoBilis distributor occurred, with estimated losses close to 90 million USD. Ledger is investigating, and the incident is suspected to involve supply chain or device tampering attacks targeting a single channel. The official sales have been suspended, and affected users are advised to migrate their assets.

According to monitoring by Lookonchain, some users who purchased Ledger hardware wallets had their funds stolen. The related devices were all purchased from the distributor CryptoBillis, with the total reported loss nearing 90 million USD. Among them, a user with the address marked as TY24Ya purchased the related device three weeks ago and deposited 7 million USDT into it, but about 10 hours ago, all of these funds were stolen, possibly making it the largest single loss in this incident.

On-chain analyst Specter stated that there have been multiple reports of Ledger user wallets being stolen recently on X and Reddit. After tracking the related theft addresses, it was found that the funds came from hundreds of victim wallets, involving multiple mainstream blockchains such as Ethereum, TRON, and Bitcoin, with total losses exceeding 86 million dollars.Currently, the analyst has disclosed several involved addresses, but the reasons for the attacks, the specific number of affected individuals, and whether Ledger has any security vulnerabilities have not yet been confirmed. At this stage, the information mainly comes from on-chain tracking and community reports, and further verification is still needed.

According to EmberCN monitoring, as BTC rebounds and breaks through $83,000, the well-known trader AguilaTrades has just been forced to stop-loss on their short position, incurring an additional loss of about $250,000.AguilaTrades had not publicly opened a position for 14 months, but after returning, they have faced consecutive losses: yesterday they incurred a loss of about $300,000 on a long position, and then reversed to short, only to be forced to stop-loss again due to the BTC rebound near the low, incurring another loss of about $250,000.It is reported that their $700,000 principal has shrunk to about $150,000 in one day, with total cumulative losses rising to about $38.16 million.

According to Lookonchain monitoring, AguilaTrades (0x1f25...F925) went long on Bitcoin after being inactive for over 6 months, closing the position due to market decline and incurring a loss of $331,000.Subsequently, it switched to shorting, shorting 200 BTC with 40x leverage, with a position value of $16.35 million and a liquidation price of $82,703.32.

According to on-chain analyst Ai Yi's monitoring, Majic has once again reduced its position by 10,000 ETH, with total losses from single coin trading reaching 4.107 million USD. The current substantial loss (i.e., the stop-loss portion) is 1.812 million USD, and the remaining long position of 14,500 ETH has an unrealized loss of 2.336 million USD. The latest liquidation price is 2,442.16 USD, leaving only 26.14 USD of space.

Cryptocurrency trader Bonk Guy posted that he recently suffered a loss of about $100,000 from trading a new token, mainly due to overtrading and continuously consuming capital while chasing new trading pairs and liquidity rotations. The scale of this position far exceeded his usual investment in similar trades.Bonk Guy reflected that the common point of several recent losses was relying on others' judgments rather than establishing his own investment beliefs. He stated that most of the profits in this cycle came from independent judgment and sticking to positions, but after achieving success, he gradually became complacent and started making unnecessary trades.Bonk Guy emphasized that sometimes the best trade is no trade at all, and he will focus more on opportunities that he truly believes in for investment, even if it means missing out on some market movements.