Ledger Confirms Theft Linked to Reseller CryptoBilis, No Official Loss Amount Released
Ledger attributes confirmed cases of compromised hardware wallets to reseller CryptoBilis, while on-chain data suggests losses between $93.2M and $103.4M.
Ledger attributes confirmed cases of compromised hardware wallets to reseller CryptoBilis, while on-chain data suggests losses between $93.2M and $103.4M. USDC (USDC) is trading at $0.9997. This is an original TLT brief synthesising 2 outlets (Unchained, Decrypt), plus live market data, as of Mon, 12 Oct 2026 19:15:02 UTC.
The incident raises concerns about supply chain security in hardware wallet distribution and highlights the risks associated with third-party resellers. It also demonstrates the speed at which stolen assets can be moved on-chain.
- Ledger confirms security breach linked to reseller CryptoBilis
- On-chain data shows $93.2M-$103.4M stolen, with USDC transfers before freeze
- Reseller has halted wallet sales amid investigation
Multiple outlets agree that Ledger has confirmed a security breach involving hardware wallets sold through reseller CryptoBilis, and that the company has stopped selling wallets in response. However, while Unchained cites on-chain analysis from Bitquery showing stolen funds moved from five wallets before any freeze could be implemented, Decrypt does not provide specific figures or details about the movement of stolen assets. Estimates of the total loss range from $93.2 million to $103.4 million based on on-chain data.
- Ledger Investigates $86M Crypto Theft Linked to Southeast Asian Reseller
- Ledger Investigates $86M in Losses Linked to Southeast Asian Reseller CryptoBilis
- Ledger Investigates $86M Theft Linked to Fake Website Scam
- Ledger Investigates $80M+ Crypto Theft Linked to Southeast Asian Reseller
- Ledger Confirms Theft Linked to Reseller CryptoBilis, No Official Loss Amount Released — this brief
Ledger has acknowledged a security breach affecting hardware wallets sold through reseller CryptoBilis, according to multiple outlets. The company confirmed that its own systems and direct sales channels remain unaffected. In response to the incident, CryptoBilis has reportedly halted all hardware wallet sales.
On-chain analysis provides more insight into the scale of the breach. Bitquery data, as reported by Unchained, indicates that the thief moved 
USDC out of five compromised wallets before any freeze could be implemented. The total value of stolen assets is estimated to be between $93.2 million and $103.4 million.
The incident highlights potential vulnerabilities in the hardware wallet supply chain. While Ledger's direct sales appear secure, the breach underscores the risks associated with third-party resellers. The quick movement of stolen USDC also demonstrates the challenges of on-chain asset recovery.
In the broader market context, the total crypto market cap stands at $2.86 trillion, with 
Bitcoin down 1.56% over the past 24 hours. The Fear & Greed Index remains in 'Greed' territory at 69, indicating a relatively positive market sentiment despite the security incident.
The USDC stablecoin, which was involved in the stolen funds, has seen minimal price movement, currently trading at $0.99972. Its market cap remains stable at $72.8 billion, according to DeFiLlama.
Since this brief published about 3 hours ago, USDC (USDC) has moved from $0.9997 to $0.9997 — -0.00%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₦1,364.47 (about $0.9997), up 0.0% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 12, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ledger Confirms Theft Linked to Reseller CryptoBilis, No Off — questions & answers
What is Ledger's response to the security breach?
Ledger confirmed the breach and stated that its direct sales and systems are unaffected. The reseller CryptoBilis has stopped selling hardware wallets.
How much was stolen in the Ledger breach?
On-chain data indicates the theft amounts to $93.2 million to $103.4 million.
What happened to the stolen USDC?
The thief moved USDC out of five wallets before any freeze could be implemented, according to Bitquery data.
How much is 1 USDC worth in naira today?
About ₦1,364.47 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9997. The naira price moves with both USDC's US-dollar price and the USDT/NGN rate; use our USDC in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Unchained, Decrypt, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.