Hardware wallet maker Ledger confirmed that an incident on October 9 affected a limited number of devices sold by Malaysian reseller CryptoBilis, with over $86 million drained from affected users. The spyware implanted in these devices could read screen output and record seed phrases while remaining undetected by Ledger’s Genuine Check security protocol. Similar cases have been reported through official resellers including MediaMarkt in Germany and LazMall in the Philippines. Former CryptoBilis CEO Arravind Prabu revealed the company underwent new management earlier this year.
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