High Alert

Ledger Says All Confirmed Cases in Suspected $87M Drain Tied to Reseller CryptoBilis

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Decrypt
Ledger Says All Confirmed Cases in Suspected $87M Drain Tied to Reseller CryptoBilisWorldPing
Image via Decrypt.

What happened

The wallet manufacturer said its own systems and direct sales are unaffected, and that the reseller has stopped selling hardware wallets.

Key facts

  • Reported by Decrypt and published Mon, 12 Oct 2026 16:32:17 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Standard Chartered launches custody for Ripple’s RLUSD on XRP Ledger

  2. Ledger claims CryptoBilis cases are limited as up to $93 million is traced, $10 million frozen

  3. Ledger implant tests Bitcoin ETFs as safer custodial solutions than hardware wallets

  4. XRP Ledger’s Payment Engine Had a Counterfeiting Bug Hiding Since 2015

  5. Ledger Says All Confirmed Cases in Suspected $87M Drain Tied to Reseller CryptoBilis

  6. Ledger Investigates Fund Losses Tied to Southeast Asian Reseller After Implant Found in Device

Sources

The original report was published by Decrypt. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Decrypt

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