Ledger Hack? $86 Million Drained: What Is Behind the Tampered Wallets From Southeast Asia

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Since Friday, Ledger users in Southeast Asia have been reporting empty wallets, and analysts count more than $86 million. Ledger has halted the reseller CryptoBilis. An implant inside the device reportedly reads the seed phrase. What is known, what CZ advises and what you should do now.First Coldcard, now Ledger. Two months after more than $116 million drained out of Coldcard Bitcoin wallets, the world's best-known hardware wallet is in the spotlight. Since Friday morning, 9 October 2026, users in Southeast Asia have been reporting empty wallets on X and Reddit. On-chain analysts now count more than $86 million that has flowed to a handful of collection addresses. Ledger has confirmed an investigation and halted one of its official distributors: CryptoBilis, a reseller that sells Ledger devices in Indonesia, Malaysia and the Philippines.The most important point first: based on everything known as of Friday evening, Ledger itself was not hacked. The supply chain was. The trail le...