Ledger claims CryptoBilis cases are limited as up to $93M is traced, $10M frozen
- Published
- Updated
Ledger said every confirmed CryptoBilis case involved devices sold through a Southeast Asian reseller, while blockchain analysis later put traced losses at $93.2 million and identified $10 million in frozen Tether across 20 wallets. A separate estimate placed losses at $94.5 million, and later coverage said the suspected losses rose to $103.4 million, with the update still leaving no repayment plan for affected buyers.
Key claims & sources
What it means
Owners of the affected wallets, and anyone watching Ledger’s resale channel, now see a case that has been tied to specific devices sold through a Southeast Asian reseller and later to frozen funds. That matters tomorrow morning because the confirmed and estimated figures are being used to frame how large the affected pool is, while the freezing of $10 million in Tether shows some funds are already immobilized.
Market reaction i
The total crypto market fell 0.7% in the 4 hours after the first headline, after rising 0.5% in the 2 hours before.
48 prices, one every 30 minutes
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 5.2 years ago | Liquid · Wallet stolen incident | $91.3M |
| 1.4 years ago | Nobitex · Malware incident | $90M |
| 2.4 years ago | BtcTurk · Hot wallet key compromised incident | $90M |
| 5.1 years ago | Mirror · Improper access control incident | $90M |
| 3.0 years ago | Heco Bridge · Hot Wallet Key Compromised incident | $86.6M |
4285 incidents stored · 81 were as large as this one or larger ($93M)