USDT
+0.0%Trezor cuts resellers after Ledger tampered-device hack drains millions
Image: Bitcoin MagazineLedger reported tampered hardware wallets sold through Southeast Asian reseller CryptoBilis caused an estimated $86 million to $103 million loss, mainly USDT on Tron. Ledger confirmed only devices from that reseller were affected and identified a single unauthorized hardware implant that could read seed phrases. Trezor said no Trezor devices were compromised and is reducing its reseller network as a precaution. Both firms emphasized supply‑chain security.
Key points
- Trezor reported no evidence of compromised Trezor devices.
- Trezor is reducing the number of its resellers to better vet partners.
Why it matters
The incidents highlight vulnerabilities in hardware‑wallet supply chains, prompting manufacturers to tighten reseller controls and protect user funds.
What's unclear
Ledger has not verified the total amount lost, with figures ranging from $86M to $103M.
The exact number of users affected by the Ledger tampering remains unknown.
Price context · USDT
At publication
$0.9993
Now
$0.9993
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
Bitcoin Magazine
Tier 1
Trezor Reduces Number of Resellers Following Ledger Drainage Incident
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Bitcoin Magazine
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 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
