Crypto Hardware Wallets Hit in Estimated $70 Million Attack

Crypto hardware wallet maker Ledger SAS said on October 9, 2026 that it is investigating reports that a number of users had seen a "loss of funds" from their wallets, according to Bloomberg. The Paris-based company's statement adds to recent pressure on the industry, as attacks continue to target technology that was once considered largely impervious to digital theft.

According to a Ledger spokesperson, the information gathered so far indicates that the affected wallets were purchased from a Malaysian reseller named CryptoBilis. The spokesperson stated that no reports had been made concerning products purchased directly from Ledger, or concerning the company's infrastructure, systems and services. This distinction suggests the issue is tied to the reseller channel rather than to Ledger's direct distribution or core systems, though the investigation remains ongoing.

Bloomberg's headline characterizes the incident as an estimated $70 million attack on crypto hardware wallets. The primary source text available for this summary does not provide a detailed breakdown of that estimate, the number of affected users, or the total value of stolen assets, and those details should be treated as unconfirmed pending further disclosure from Ledger or Bloomberg's reporting.