Ledger, a prominent manufacturer of encryption hardware wallets, is currently conducting a thorough investigation into a significant fund theft incident. This incident specifically targeted users in Southeast Asia who had procured their devices via the distributor CryptoBillis. In response to this alarming situation, Ledger has formally requested CryptoBillis to immediately halt all sales and shipments of its products.

As a precautionary measure, Ledger strongly advises users who have recently purchased devices from CryptoBillis within the last 90 days but have not yet set them up to refrain from doing so at this time. Additionally, for users who have already configured their devices, Ledger recommends migrating their assets to new, secure devices to mitigate any potential risks.

Preliminary estimates indicate that the total amount stolen in this incident exceeds a staggering $86 million, with the losses continuing to mount as the investigation unfolds.