LEDGER ROLLS OUT WRAPPED BITCOIN LOANS Eligible @Ledger users can borrow $USDC or $USDT on @ethereum via @MorphoLabs in the wallet app. Collateral moves into smart contracts and can be liquidated despite hardware signing. Read more here:

ledger, the hardware wallet maker, said on october 9 that it is investigating lost funds among southeast asian customers of cryptobilis. cryptobilis is an official ledger reseller in malaysia, indonesia and the philippines, and ledger asked it to pause sales and shipments. the reported advice for anyone who bought there in the last 90 days is to replace both the device and the recovery seed. if an attacker set the seed before the sale, a new device that uses the old seed is still exposed. the cause of the losses is not confirmed.

Ledger Responds to Wallet Drain on Bitcoin, Ethereum, and TRON @Ledger says it is investigating claims that customers in Southeast Asia had funds drained through device purchases from reseller CryptoBillis. Ledger has suspended all sales and deliveries from this reseller as a precaution. According to on-chain analysis, the theft resulted in more than $86 million in losses from hundreds of Ledger-connected wallets on $BTC, $ETH, and $TRX blockchains. Analysts describe the process as well coordinated; however, Ledger did not confirm any vulnerabilities in its devices or software. The root cause is yet to be established.

Ledger is combining oversight of its internal technology systems and security under a single executive, as a rise in AI-fueled crypto attacks pushes companies to rethink their defenses.

Ledger Nano™ Gen5 recently dropped in Cherry Red, Matcha Green, and Glacier White. 🎨 Your signer, your style. Security that actually looks like it belongs in your life. Pick your color 🔐