Ledger Asks Resellers to Halt Sales After Suspected $86M Drain

Scope of the Incident

Ledger requested resellers in seven Asian markets to halt sales of its hardware wallets after confirming device tampering incidents in the region, according to The Defiant. The company stated that confirmed incidents remain confined to Southeast Asia, with no evidence that its own systems or direct sales channel were compromised. Decrypt reported a suspected drain of $86 million in connection with the tampering, though the source of that figure was not independently verified in available statements from Ledger.

Wider Geographic Concern

The incidents are not limited to Asia. MediaMarkt Saturn, a major European electronics chain, halted Ledger sales after a customer in Germany reported discovering an implant inside a device, according to Decrypt. This suggests the potential for compromised inventory to have entered distribution channels outside Southeast Asia. Ledger has not yet provided a detailed public timeline of when the tampering may have occurred or how many units across all regions may be affected.

Company Assurances

Ledger emphasized that the confirmed incidents stem from reseller channels rather than its direct supply chain or systems infrastructure. The company did not disclose the total number of affected devices or the specific identity of all compromised resellers in its initial communications. Both outlets noted that Ledger has not yet released a comprehensive statement detailing remediation steps or a process for customers to verify whether their devices may have been tampered with.