Security· ★★★· bearish·

Bitquery: $10M Frozen in Wallet Tied to CryptoBilis Drains

  • —Bitquery puts total losses at $93.2 million across six chains
  • —$10 million frozen in a wallet linked to CryptoBilis
  • —Ledger's update contains no repayment plan for buyers
Why it matters: The fake Ledger wallet scandal remains the largest retail hardware security incident, and the lack of compensation weighs on trust in hardware wallets.
Source: The Defiant
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