Security· ★★★★· bearish·

Chainalysis: Ledger implant thieves stole $4.8M in Bitcoin from a scam operator

  • —The scam operator lost over 60 BTC, roughly $4.8 million
  • —Funds went to three Ledger addresses on September 22 and were drained October 9
  • —The largest scam wallet sent $1.36 million across 106 transfers
  • —Specter estimates total losses tied to CryptoBilis at over $86 million
Why it matters: The case shows that compromised Ledger signers hit all holders, even scammers, and underscores the scale of the CryptoBilis reseller problem.
Source: CryptoPotato