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LEDGER INVESTIGATES REPORTED $86 MILLION CRYPTO USER LOSSES - IS YOUR HARDWARE WALLET SAFE? One of the biggest names in cryptocurrency security, Ledger, is investigating reports of stolen funds involving customers in Southeast Asia who purchased hardware wallets from a third-party reseller called CryptoBillis. Reports suggest potential losses of approximately $86 MILLION, although Ledger has not confirmed this amount or determined the cause of the reported losses. As a precaution, Ledger has requested that the reseller immediately suspend sales and shipments while the investigation continues. IMPORTANT WARNING FOR ALL CRYPTO INVESTORS: If you’re planning to purchase a Ledger hardware wallet, always buy directly from Ledger’s official website, ledger.com, rather than through third-party resellers. Purchasing directly from the manufacturer helps reduce the risk of receiving tampered or compromised devices. Customers who purchased devices from CryptoBillis within the last 90 days are being advised not to activate unused devices. Those who have already set them up should consider moving their cryptocurrency to a new wallet with a freshly generated recovery phrase. YOUR CRYPTO IS ONLY AS SECURE AS THE STEPS YOU TAKE TO PROTECT IT. Hardware wallets are designed to provide an additional layer of protection, but investors still need to understand proper wallet security, recovery phrase management, and the risks associated with purchasing devices from unverified sources. Trading cryptocurrency? Check out FOMO and use code “CRYPTODYLNEWS” for 10% off trading fees. #crypto #cryptonews #mystery #xrp #bitcoin
LEDGER INVESTIGATES REPORTED $86 MILLION CRYPTO USER LOSSES - IS YOUR HARDWARE WALLET SAFE? One of the biggest names in cryptocurrency security, Ledger, is investigating reports of stolen funds involving customers in Southeast Asia who purchased hardware wallets from a third-party reseller called CryptoBillis. Reports suggest potential losses of approximately $86 MILLION, although Ledger has not confirmed this amount or determined the cause of the reported losses. As a precaution, Ledger has requested that the reseller immediately suspend sales and shipments while the investigation continues. IMPORTANT WARNING FOR ALL CRYPTO INVESTORS: If you’re planning to purchase a Ledger hardware wallet, always buy directly from Ledger’s official website, ledger.com, rather than through third-party resellers. Purchasing directly from the manufacturer helps reduce the risk of receiving tampered or compromised devices. Customers who purchased devices from CryptoBillis within the last 90 days are being advised not to activate unused devices. Those who have already set them up should consider moving their cryptocurrency to a new wallet with a freshly generated recovery phrase. YOUR CRYPTO IS ONLY AS SECURE AS THE STEPS YOU TAKE TO PROTECT IT. Hardware wallets are designed to provide an additional layer of protection, but investors still need to understand proper wallet security, recovery phrase management, and the risks associated with purchasing devices from unverified sources. Trading cryptocurrency? Check out FOMO and use code “CRYPTODYLNEWS” for 10% off trading fees. #crypto #cryptonews #mystery #xrp #bitcoin

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