Bitcoin holder loses 80 BTC worth $5.2 million after moving funds to reseller-bought Ledger

A Bitcoin holder watched 80 BTC, worth $5.2 million, vanish after moving the coins onto a Ledger hardware wallet. The device was not bought from Ledger directly. It came from CryptoBilis, a reseller operating in Southeast Asia. The transfer to the new device happened just one week before the funds disappeared. A pattern, not a one-off The 80 BTC loss is not an isolated case. Multiple buyers who purchased Ledger devices through the same reseller have reported significant losses. Ledger confirmed on October 9, 2026, that it is investigating fund losses connected to CryptoBilis. The company is not waiting for the investigation to finish before issuing guidance. Anyone who bought a Ledger from the reseller in the last 90 days has been told not to initialize their device. Ledger is also advising those buyers to move their assets to new Ledger wallets set up with different seed phrases. Another victim reported losing 7 million USDT, a dollar-pegged stablecoin. That user had bought a Ledger device three weeks before the incident. Following the money on-chain On-chain analysts have tracked assets flowing to theft addresses across several blockchain networks. Trackers have identified $17.7 ...