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Trader Loses 80 BTC From New Ledger Wallet as CryptoBilis Investigation Continues
A trader lost 80 BTC, worth about $6.6 million, in a withdrawal from a new Ledger wallet 10 days after depositing the coins. Lookonchain reported that the trader bought the BTC for about $5.2 million; at the time of the theft, the coins represented an unrealized gain of roughly $1.38 million.
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Key takeaways
- A trader lost 80 BTC, worth about $6.6 million, in a withdrawal from a new Ledger wallet 10 days after depositing the coins.
- Lookonchain reported that the trader bought the BTC for about $5.2 million; at the time of the theft, the coins represented an unrealized gain of roughly $1.38 million.
- Ledger asked CryptoBilis to pause sales and shipments and advised customers who bought from the reseller in the previous 90 days to take precautions.
AI Prompt
openai.comCreate a landscape editorial hero image for this Studio Global article: What is known about the October 9 theft of 80 Bitcoin worth roughly $6.6 million from a trader’s 10-day-old Ledger wallet reportedly purchas. Article summary: The October 9, 2026 case is a reported theft of 80 BTC, worth about $6.6 million, from a trader who had moved the coins to a new Ledger wallet reportedly bought from CryptoBilis ten days earlier. Ledger is investigating . Topic tags: general, general web, user generated. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts with fa
A trader lost 80 BTC—worth about $6.6 million at the time—in a single withdrawal from a newly funded Ledger hardware wallet. The coins arrived on September 29 and left on October 9, 10 days later. Ledger is investigating reports of losses involving devices sold by reseller CryptoBilis, but the available reporting does not establish how the wallet was compromised or confirm the total losses across other reported cases. 27
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What happened to the trader’s 80 BTC
Blockchain tracker Lookonchain reported that the trader had bought the 80 BTC about four months earlier for roughly $65,000 per coin, or about $5.2 million in total. At the time of the theft, that represented an unrealized gain of approximately $1.38 million. 27
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Public transaction records cited in reporting place the 80 BTC deposit on September 29. The coins were withdrawn in a single transaction at 05:54 UTC on October 9, to an address investigators had associated with stolen funds. That timing and attribution come from transaction tracking and reporting, not from a public finding by Ledger. 49
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The Ledger device was reportedly purchased from CryptoBilis about 10 days before the withdrawal. Other coverage has spelled the reseller’s name “CryptoBillis,” while Ledger’s reseller listing uses “CryptoBilis.” 27
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Ledger’s response and customer guidance
Ledger said it was investigating reported losses connected to devices sold by CryptoBilis and asked the reseller to pause sales and shipments while the review continued. Reports describe CryptoBilis as an authorized reseller serving Indonesia, Malaysia and the Philippines. 17
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Ledger advised customers who bought from the reseller in the previous 90 days not to set up an unused device. Customers who had already set one up were advised to consider moving assets to a new signer with a new recovery phrase. 18
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Wider losses remain estimates
The 80 BTC theft is one case among separate reports involving CryptoBilis customers. One report described about 7 million USDT being stolen from a device associated with the reseller; that report does not establish that the incident had the same cause as the Bitcoin theft. 38
Blockchain investigators’ estimates of suspected losses across Bitcoin, Ethereum and Tron rose from more than $72 million to more than $86 million, with some reporting putting the figure near $90 million. These are preliminary third-party estimates, not a total confirmed by Ledger. 18
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Reports also said Tether froze USDT linked to the suspected thefts. A freeze can restrict movement of those tokens, but it does not by itself return funds to victims. 22
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The cause has not been established
Some commentary, including a warning attributed to Changpeng Zhao, raised the possibility of a counterfeit-device or other supply-chain attack. That remains a hypothesis: the reporting available here does not establish whether hardware, recovery phrases, software or another factor was involved. Ledger’s investigation is ongoing, and a connection to the reseller alone does not prove how the funds were taken. 39
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What is the short answer to "Trader Loses 80 BTC From New Ledger Wallet as CryptoBilis Investigation Continues"?
A trader lost 80 BTC, worth about $6.6 million, in a withdrawal from a new Ledger wallet 10 days after depositing the coins.
What are the key points to validate first?
A trader lost 80 BTC, worth about $6.6 million, in a withdrawal from a new Ledger wallet 10 days after depositing the coins. Lookonchain reported that the trader bought the BTC for about $5.2 million; at the time of the theft, the coins represented an unrealized gain of roughly $1.38 million.
What should I do next in practice?
Ledger asked CryptoBilis to pause sales and shipments and advised customers who bought from the reseller in the previous 90 days to take precautions.
Sources
beincrypto.comTrader Loses $6.6 Million in Bitcoin After Buying New Ledger Wallet
it.finance.yahoo.comTrader perde 6,6 milioni di dollari in Bitcoin dopo aver acquistato un nuovo wallet Ledger
coindesk.comLedger investigates potential wallet tampering after reports ...
theblock.coLedger investigates wallet drains involving CryptoBilis buyers