Ledger Halts CryptoBilis Sales Amid Stolen Fund Reports — SkimNews
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- Ledger temporarily paused sales of its hardware wallet products via reseller CryptoBilis following reports of stolen funds linked to devices distributed by that reseller.
- On Friday, Ledger said it was investigating reports of lost funds from users in Southeast Asia who had purchased its products through CryptoBilis.
Why it matters: Hardware wallets are marketed as tamper-resistant cold-storage solutions, meaning compromised devices reaching end users — currently concentrated among Southeast Asian customers buying through one reseller — directly strikes at the core security proposition Ledger sells, and may force a broader audit of its reseller distribution channel.
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