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OneKey revokes CryptoBilis distribution licence after Ledger wallet thefts

NewsFeeds update

OneKey has revoked Malaysian retailer CryptoBilis's distribution licence after funds were stolen from some Ledger wallets sold through that channel. Ledger is investigating and confirmed an unauthorised hardware implant in one victim's device; YFarmX estimates losses of up to $103m, which Ledger has not confirmed.

RegulationPANewsAIBearish

Read the original on PANews

The story so far: Ledger wallet theft incident

Attackers drained hundreds of Ledger wallets tied to reseller CryptoBilis, with losses estimated above $86m and Tether freezing $10m in USDT. Stolen funds have moved through Tornado Cash, and the CryptoBilis Ledger Drainer has now deposited another 885 ETH, worth $2.14m, into Tornado Cash, per Lookonchain.

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Specter says Ledger wallet thefts hit hundreds of wallets, losses above $86m

  2. Specter says Ledger theft addresses still being identified

  3. Tether freezes USDT tied to Ledger user theft as losses near $90m

  4. Lookonchain says Ledger users lose nearly $90m after buying devices from CryptoBillis

  5. Lookonchain says address lost 80 BTC bought for $5.2m and stored on a Ledger

  6. Ledger says it is investigating wallet drain tied to CryptoBilis devices, losses near $90m

  7. Suspected Ledger hacker wallets move $1.07m in ETH to Tornado Cash, Onchain Lens says

  8. Galaxy researcher says about $72.9m from Ledger CryptoBillis attack still in attacker's addresses

  9. Ledger says it is investigating reported wallet thefts as Tether freezes USDT

  10. Researcher says fake Ledger site tops Google search results

  11. Ledger says CryptoBilis reseller link confirmed in 9 Oct coin theft cases

  12. Ledger says CryptoBilis-linked devices compromised as attackers take up to $94.5m

  13. Ledger attacker moves nearly 3,000 ETH via Tornado Cash and Zcash, wallets still hold $38.6m ETH

  14. OneKey revokes CryptoBilis distribution licence after Ledger wallet thefts

  15. Ledger theft victim who lost over 60 BTC is alleged scam operator

  16. Counterfeit Ledger wallets linked to about $86m in reported crypto thefts

  17. Specter says stolen funds from Cryptobills Ledger and $12m Triple-A hack flow into ZEC

  18. CryptoBilis Ledger Drainer deposits 885 ETH worth $2.14m into Tornado Cash, Lookonchain says

More Regulation updates

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  2. South Korea to unveil Digital Asset Basic Act draft this month

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  3. Galaxy's Alex Thorn says key digital asset legislation may stall after midterms

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Every Regulation update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.