Ledger users reportedly drained of over $86 million in suspected exploit
Crypto Briefing
On-chain analyst Specter traced stolen funds across Ethereum, TRON and Bitcoin, while Ledger has yet to comment publicly. Hardware wallets exist for one reason: to keep your crypto safe when everything else goes wrong. On October 9, 2026, that promise reportedly took a serious hit. On-chain analyst Specter (@SpecterAnalyst) flagged what appears to be a coordinated drain of funds from Ledger hardware wallet users. Cumulative losses are estimated at over $86 million, and some reports suggest the final figure could approach $100 million. The cause has not been confirmed. Ledger has not said anything publicly. According to Specter’s analysis, the theft spans three major networks: Ethereum, TRON and Bitcoin.
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