OneKey drops CryptoBilis and offers replacements after $86 million Ledger wallet incident

Hardware wallet maker OneKey revoked CryptoBilis’s reseller authorization and offered free replacements to eligible customers after reports of stolen funds involving Ledger devices purchased through the same distributor. So far, no OneKey user has reported losing funds in connection with the CryptoBilis incident. As a precaution, we've ended CryptoBilis's authorization and are taking three steps, effective today: 1. No new resellers.2. A full review of every existing reseller. Any we can't… https://t.co/Hh34KhYnoj — OneKey (@OneKeyHQ) October 12, 2026 OneKey CEO Yishi Wang said Monday that the company had received no reports of its users losing funds in connection with the incident. It nevertheless suspended new reseller approvals and began reviewing every existing dealer. “But no reports don’t mean no risk,” Wang said. “Users’ asset security can’t rely on luck.” The measures follow Ledger’s investigation into fund losses reported by customers in Southeast Asia who bought devices through CryptoBilis. Blockchain investigator Specter estimated the losses at more than $86 million, though Ledger has not confirmed the total. On October 10, Ledger confirmed that one affected device conta...