Ledger broadens reseller suspension in Southeast Asia

Ledger, the crypto wallet company, has requested that resellers and distributors in Hong Kong and several Southeast Asian nations cease selling its hardware.

Last week, the firm had already cut ties with its authorized Malaysian partner CryptoBilis after devices sold via that reseller were discovered to contain spyware and were tied to a crypto theft worth $86 million.

Now, Ledger has called on resellers in Malaysia, Indonesia, Singapore, Thailand, the Philippines, Vietnam, and Hong Kong to pause sales.

Among those asked to stop sales are LazMall, Shopee, N-Crypt, Tokopedia, Challenger, Metapod, Ishopchangi, Pantrade, Dot Life, JIB, B2S, SiamBC, Bitkub, GROOV, RTB, CryptoKing, BitcoinVN, Digibit, Fortress, HKTVMALL, CK Artisans, OOOSH, and Crypto HK.

Ledger focuses on a single European reseller

This widened suspension of resellers forms part of Ledger's investigation to pinpoint where in its supply chain the devices were compromised and who is behind it.

It remains unclear whether all the affected resellers will comply with Ledger's request.

MediaMarkt, a German-based reseller for Ledger, also halted sales this week.

A German Ledger reseller has stopped sales after the $86 million draining incident.

In response to a request for comment, Ledger directed Protos to its recent post on X and stated, “It’s a sensitive, ongoing investigation and we will communicate more when we have more to share.”

Trezor cuts reseller count as a precautionary measure

Competing hardware wallet maker Trezor has similarly chosen to pare back its reseller network after the draining event.

Trezor did not disclose which resellers were removed, but if the move was prompted by the same attack, those affected are probably located in Southeast Asia.

The firm stated, “There is not a single piece of evidence that Trezor devices have been compromised,” adding that the reduction was a precaution.

To the resellers who helped build Trezor: thank you, and I’m sorry pic.twitter.com/RK7KBJOshp

— Danny (@Dantoshi) October 13, 2026

Despite Trezor's assertion, some of its wallets have been discovered to have been altered. Those devices were purchased from unofficial sellers on Facebook Marketplace and TikTok Shop.

Users on X are pointing to these cases to challenge Trezor's "no evidence" position and imply that Trezor may be involved in the hack.

Trezor, however, argues that those examples probably relate to a 2022 incident where unofficial sellers "replaced the MCU itself rather than adding an implant to a genuine device."

In refuting the accusations, Trezor also disclosed that it had ended its partnership with CryptoBilis.