Key Takeaways
- • Bitcoin spot ETFs lost $244 million on Thursday, while XRP ETFs were the only crypto funds to record inflows that day, according to CoinDesk's live coverage.
- • Bitcoin stabilized near $82,000 to $83,000 after a roughly $1 billion liquidation event during the Thursday selloff.
- • Ledger is investigating a suspected $86 million theft from hundreds of wallets linked to devices sold through reseller CryptoBilis in Southeast Asia; the amount is unconfirmed.
- • Ledger has asked CryptoBilis to halt sales and shipments and advised recent buyers not to activate devices, with activated users urged to migrate assets to new hardware with fresh recovery phrases.
- • The suspected theft follows a more than $350 million exploit at Bitget last month, adding to mounting 2026 crypto security losses.
Summary
Bitcoin steadied in Friday trading after a sharp Thursday selloff that pushed the asset down toward the low $80,000s. CoinDesk's live coverage reported that Bitcoin was back near $82,000 after a $1 billion liquidation, with another CoinDesk update placing it near $83,000 as the market recovered. Spot Bitcoin ETFs were a notable drag on sentiment, shedding $244 million on Thursday. The ZEC fund extended a run of October outflows. XRP ETFs were the only crypto funds to record inflows that day, a divergence CoinDesk highlighted in its headline.
Separately, crypto hardware wallet maker Ledger said Friday it is investigating reports of stolen funds tied to devices sold through CryptoBilis, a reseller in Southeast Asia. Pseudonymous blockchain investigator Specter said on X that more than $86 million in crypto may have been stolen from hundreds of wallets, tracing suspected theft addresses across Bitcoin, Ethereum and Tron after reports from Ledger users on X and Reddit. Ledger acknowledged reports of missing funds from customers who bought devices through CryptoBilis but did not confirm the loss amount or identify a cause. Specter's figure has not been independently verified, and it remains unclear whether the incidents are linked.
As a precaution, Ledger asked CryptoBilis to pause all sales and shipments during its investigation. The company advised customers who purchased devices from the reseller within the past 90 days not to begin setup. Users who have already activated wallets should consider moving assets to a new Ledger device generated with a new recovery phrase. The incident compounds a difficult year for crypto security. Last month, exchange Bitget suffered an exploit that resulted in more than $350 million in stolen assets.
Separately, crypto hardware wallet maker Ledger said Friday it is investigating reports of stolen funds tied to devices sold through CryptoBilis, a reseller in Southeast Asia. Pseudonymous blockchain investigator Specter said on X that more than $86 million in crypto may have been stolen from hundreds of wallets, tracing suspected theft addresses across Bitcoin, Ethereum and Tron after reports from Ledger users on X and Reddit. Ledger acknowledged reports of missing funds from customers who bought devices through CryptoBilis but did not confirm the loss amount or identify a cause. Specter's figure has not been independently verified, and it remains unclear whether the incidents are linked.
As a precaution, Ledger asked CryptoBilis to pause all sales and shipments during its investigation. The company advised customers who purchased devices from the reseller within the past 90 days not to begin setup. Users who have already activated wallets should consider moving assets to a new Ledger device generated with a new recovery phrase. The incident compounds a difficult year for crypto security. Last month, exchange Bitget suffered an exploit that resulted in more than $350 million in stolen assets.
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