"Cold wallet turned into a 'transparent wallet'? Major new clues in the $86 million+ Ledger crypto theft case: Southeast Asia distributor quietly changed hands back in March! 'Just deposited 80 BTC, and it went to zero the same day.' This isn’t science fiction—it’s a real cold wallet disaster that unfolded over the past 24 hours on X and Reddit. Hundreds of wallets across multiple chains, including BTC, ETH, TRON, and BNB Chain, were completely drained, with estimated losses now exceeding $86 million – $92.9 million USD! The incident points directly to CryptoBilis, the Southeast Asia authorized distributor that Ledger officially recommended just last month! As investigations deepen, the shady 'ownership transfer' behind this case has been fully exposed: Exclusive scoop: The distributor was acquired back in March, with ownership traced to an individual from Heilongjiang, China. Full equity transfer: As of August 3, a person named Jiaming, registered in Heilongjiang Province, holds 100% of CryptoBilis’ shares. CryptoBilis’ former co-founder confirmed that the company was sold as early as March this year. The original shareholders immediately exited all operational, managerial, and administrative roles, and after the handover, they had no knowledge of the internal operations—only assisting with a few activities. This means that when Ledger officially recommended this distributor to users in September, the store had already changed ownership! On-chain tracking shows that the hacker conducted small-scale tests for nearly two weeks before executing a mass wallet-draining operation within minutes. Even after Ledger issued an official warning, the attacker continued withdrawing funds. Tether responded swiftly, freezing approximately $10 million USDT linked to the attack addresses, but tens of millions of dollars in assets (including thousands of ETH) have already started flowing into Tornado Cash. The security of cold wallets is built on the principle that 'from the factory to your hands, the private key has never been seen by a second person.' Regardless of the brand, always purchase cold wallets directly from the manufacturer (Direct from Manufacturer), and never trust any pre-filled 'word cards' included with the device!" #CryptoNews #Ledger #BTC #ETH #TRON #BNBChain #Tether #TornadoCash #ColdWallet