Criminals stole between $90 million and $93 million in cryptocurrency by hiding hardware implants inside Ledger hardware wallets sold through CryptoBilis, an authorized reseller based in Southeast Asia. More than 300 wallets were drained starting October 9, 2026. These implants, equipped with LTE and eSIM technology, captured the 24-word recovery phrases displayed during device initialization, before customers even received them. Ledger confirmed the compromise of at least one device and advised against initializing devices purchased from CryptoBilis within the past 90 days. Tether froze USDT associated with the compromised wallets, but holders of Bitcoin and other decentralized tokens have no equivalent protection.
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