Ledger users reportedly drained of over $86 million across three chains
Image: UnchainedOn-chain analyst Specter reported that Ledger users' wallets were drained of more than $86 million. Specter traced the theft addresses across Ethereum, TRON and Bitcoin. No report states how the funds were taken. Ledger had not publicly confirmed any device or firmware vulnerability as of the reports. Some reports suggest the total could approach $100 million.
Key points
- On-chain analyst Specter reported losses of more than $86 million from reported drains of Ledger users' wallets.
- Specter traced the theft addresses, which received funds from victim wallets on multiple major chains.
- The traced funds span Ethereum, TRON and Bitcoin.
- Neither report states how the funds were taken, and no method has been confirmed.
Why it matters
The reported losses exceed $86 million and the traced funds span Ethereum, TRON and Bitcoin, affecting users on three major networks. No cause has been confirmed, so the source of the drains is not yet identified.
What's unclear
The method used to take the funds is not stated, and device, firmware, phishing and other explanations remain unconfirmed.
Whether Ledger has responded is unclear, and the loss total could stay above $86 million or approach $100 million.
Price context · BTC
At publication
$82,458.00
Now
$82,930.00
Change since
+0.57%
7 days · dashed line = publication
Sources · 6 publishers
Unchained
Tier 1
Ledger Users Reportedly Drained of Over $86 Million Across Several Blockchains
Coinpedia
Tier 3
Ledger Hack: $86.9 Million Reportedly Drained Across 98 Wallet Addresses
BeInCrypto
Tier 2
Ledger Pauses Reseller Sales After $86 Million Drain Claims: Were Devices Tampered?
CoinDesk
Tier 1
Ledger investigates potential wallet tampering after reports of $86 million in crypto stolen
The Block
Tier 1
Ledger investigates wallet drains involving CryptoBilis buyers; estimate tops $86 million in losses
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Unchained
- CryptoVideos brief published
- 3 more publishers added to sources
How this brief was made. Our system found this event in 6 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
