Ledger has asked resellers and distributors in seven Asian markets, including Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia and Hong Kong, to suspend sales of its devices and remove them from shelves. The company is investigating tampered devices containing an implant that reads the 24-word recovery phrase and sends it over LTE. Onchain investigator Specter has traced more than $86 million in suspected thefts, a figure Ledger has not verified. All confirmed incidents involve devices sold through CryptoBilis, a regional reseller. Rival hardware wallet maker Trezor announced it will end reseller authorizations on January 1, 2027 as a precautionary measure.
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