Ledger Asks Resellers in Seven Asian Markets to Halt Sales Amid Suspected $86M Drain

Ledger has instructed resellers and distributors in Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia, and Hong Kong to suspend sales of its hardware wallets while investigating tampered devices fitted with a hidden implant. Ledger confirmed that the only verified incidents are in Southeast Asia, and has not verified a drain linked to devices bought elsewhere. The implant reportedly reads the 24-word recovery phrase during setup via LTE, allowing anyone with the phrase to move funds. Onchain investigator Specter has traced over $86 million in suspected thefts, though Ledger has not verified this figure. Separately, MediaMarkt Saturn stopped selling Ledger devices in Germany after a customer reported an implant, but no funds were lost.