Specter (@SpecterAnalyst) said on X on Oct. 9 that a trace of theft addresses shows losses of more than $86 million from reported wallet drains of Ledger users. Specter said the addresses took in funds from hundreds of victims’ wallets on multiple major chains, among them Ethereum, TRON and Bitcoin.
Specter cited user reports on X and Reddit of Ledger wallets being emptied, and said it traced the theft addresses. The post listed 10 addresses. Those addresses held only over $25 million as of last check, suggesting the majority of the funds have been moved.
A post from tanuki42 published at 12:00 UTC asked anyone drained to contact SEAL 911 as soon as possible. The post said, “Total loss is >$72M+ and increasing.” It listed eight addresses, all of which also appear in Specter’s list of 10. Specter’s list adds two more bitcoin addresses and was posted at 12:24 UTC.
The Security Alliance (SEAL) quote-posted tanuki42’s list at 12:29 UTC. It asked anyone whose funds were drained to those addresses to get in contact with the group as soon as possible through the SEAL 911 Telegram bot.
Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter.
Ledger Cites a Reseller
Ledger (@Ledger_Support) said at 13:32 UTC that it is investigating reports of lost funds from users in South East Asia who bought products from a reseller named CryptoBillis. Pending the results, Ledger said it asked the reseller to pause all sales and shipments of Ledger devices.
Ledger recommended that users who bought from the reseller in the last 90 days not start setup if they have not done so. It said users who have already set up a device should “consider moving assets to a new Ledger signer (with new seed)” and that it will keep informing customers as the investigation progresses.
Ledger’s post does not mention the $86 million tally or the addresses in the other posts, and does not say how many users or how much money is involved.
This is still a developing story that will be updated…
Related Listen: Inside the Coldcard Hack That Drained Over $100 Million in Bitcoin: Uneasy Money
