Ledger Investigating Reports of Drained Crypto Wallets as Estimated Losses Hit $86M

Crypto Insight Summary: Ledger said Friday morning that it is investigating following reports of tens of millions of dollars’ worth of crypto being drained from its hardware wallets, warning users against activating devices purchased from a particular reseller.     Social media lit up with posts from Ledger users claiming that funds had been drained from their wallets, […] Crypto Insight Analysis: Direction: Bearish LEDGER / Bearish BTC / Bearish ETH Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Hardware wallet hack undermines trust in Ledger, causing market-wide panic and sell-off pressure.