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Ledger Probes Its Own Reseller CryptoBilis Over Fund Losses

2026-10-09

Ledger, which makes hardware wallets, is investigating fund losses linked to CryptoBilis, a reseller in Southeast Asia. The company has also issued a warning to users. Cointelegraph reported the story on Oct 9, 2026.

In a separate finding, researchers put suspected crypto thefts at somewhere between more than $72 million and $86 million. The report gives these two items separately. It does not say how much of that figure, if any, comes from the CryptoBilis case.

Several things are still unknown. The report does not say how many people lost funds, how much was lost through the reseller, how the losses happened, or which country CryptoBilis operates in. It also does not say what Ledger found or what its warning to users told them to look out for.

For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, the honest answer is that nothing changes directly. The report does not mention any of these exchanges, and it says nothing about funding rates, trading fees or liquidity. The story is about hardware wallets bought through a reseller, not about the cost of holding a derivatives position.

Source: cointelegraph — Ledger investigates fund losses linked to Southeast Asian reseller, warns users

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