PANews, October 13: According to Bloomberg, hardware wallet manufacturer OneKey has revoked the distribution authorization of Malaysian retailer CryptoBilis after funds from some Ledger wallets sold through this channel were stolen. Ledger is investigating the losses and has confirmed that one victim’s device contained an unauthorized hardware implant. Chain analysis firm YFarmX estimates the stolen amount at up to $103 million, though Ledger has not yet verified this figure. CryptoBilis has suspended all sales and shipments of hardware wallets in Malaysia, the Philippines, and Indonesia as of October 10.
OneKey Terminates CryptoBilis Distribution Authorization Amid Allegations of Ledger Wallet Theft
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Summary
OneKey has severed ties with Malaysian distributor CryptoBilis after Ledger wallets sold through the channel were linked to thefts. Ledger confirmed an unauthorized hardware implant in one device. YFarmX estimates losses at $103 million, though Ledger has not verified this figure. CryptoBilis halted shipments in Malaysia, the Philippines, and Indonesia on October 10. Traders are monitoring altcoins amid rising volatility in the Fear & Greed Index.
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