Ledger Users Reportedly Drained of $86M in Suspected Coordinated Exploit

Over $86 million has reportedly been drained from Ledger hardware wallet users across multiple networks, according to on-chain analyst Specter. The suspected exploit targeted hundreds of victim wallets across Ethereum, TRON, and Bitcoin, suggesting a highly coordinated campaign rather than isolated incidents. A single attacker-linked Bitcoin address has amassed over 211 BTC, which had not moved as of the latest reports. The root cause remains unconfirmed, with community theories ranging from phishing schemes and compromised seed phrases to underlying device or firmware vulnerabilities. Ledger has not yet issued a public statement regarding the suspected exploit or confirmed any hardware vulnerabilities.