The loss may be the largest single theft in an incident involving Ledger devices bought through CryptoBillis, with total losses nearing $90 million.
Ledger halted sales through the Southeast Asian reseller while users were warned against initializing recently purchased devices.
The firm cited a deteriorating risk-reward balance and limited confidence that upcoming earnings would lift AI semiconductor companies.
JPMorgan, Goldman Sachs, Bank of America, Morgan Stanley and Wells Fargo have all fallen over the past month as Treasury yields and rate concerns weigh
Users will not need to move their assets, while NEP-655 is expected to reach mainnet in the coming weeks.
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