Ledger Investigates CryptoBilis Reseller Channel After Crypto Loss Reports

Today in crypto, Ledger investigated suspected cryptocurrency losses involving devices sold by a Southeast Asian reseller, the European Securities and Markets Authority (ESMA) sought industry feedback on the use of tokenized collateral in clearinghouses and several crypto projects applied for Anthropic’s new AI-powered vulnerability scanning program.Ledger probes suspected crypto thefts tied to Southeast Asian resellerLedger is investigating reports of cryptocurrency losses involving hardware wallets sold by an authorized Southeast Asian reseller, as blockchain researchers separately report suspected thefts exceeding $72 million.The hardware wallet manufacturer has instructed CryptoBilis, an authorized reseller in Indonesia, Malaysia and the Philippines, to suspend sales and shipments while it investigates.Customers who purchased devices from CryptoBilis in the past 90 days have been advised not to activate them. Those already using the devices should consider transferring their holdings to a new Ledger wallet with a newly generated recovery phrase.Meanwhile, onchain investigator tanuki42 identified eight addresses allegedly connected to more than $72 million in stolen cryptocurrency. Another researcher, Specter, estimated losses exceeding $86 million across Bitcoin, Ethereum and Tron.Security Alliance (SEAL) urged potential victims whose funds reached the identified addresses to contact its incident-response team.Ledger has not verified the reported losses or established a connection between the suspicious transactions and CryptoBilis.The company said its infrastructure and services were not compromised and that it had received no similar reports involving devices sold through its own sales channels. The investigation remains ongoing.ESMA seeks evidence tokenized collateral can be cashed out in crisisESMA wants evidence that clearinghouses can access tokenized collateral and turn it into cash if markets come under stress.ESMA published a call for evidence Friday to seek industry feedback on the implications of tokenized collateral.“We must create the conditions for tokenized markets to operate safely and at scale across borders, with legal certainty, interoperable infrastructures and appropriate supervision,” ESMA Chair Verena Ross said.Tokenized collateral is entering live European clearing operations as banks and investors seek faster access to securities to meet margin requirements. ESMA’s review will help determine whether existing EU rules can ensure clearinghouses can access and liquidate such collateral when a member defaults.Crypto projects apply for Anthropic’s new frontier AI security scanner  Ethereum client developer Nethermind and Bitcoin and Lightning wallet ZEUS are among several crypto companies to apply for a newly launched Anthropic program that gives open-source projects access to security reports from its most powerful AI models. The projects submitted enrollment requests on Friday for OSS Scanner, which Anthropic launched on Thursday with the aim of helping open-source developers find and fix vulnerabilities before attackers exploit them.“These reports will be generated by our strongest models (including Claude Mythos) to give open-source projects the largest defensive advantage,” Anthropic said in its announcement.The applications come as crypto firms push for access to frontier AI models to defend against increasingly capable attackers. Cybersecurity experts have warned that uneven access could leave defenders at a disadvantage as powerful alternatives become more widely available.Anthropic said OSS Scanner is an opt-in service that follows its work on Project Glasswing. The company said while it already regularly scans open source software for vulnerabilities and sends reports after human review, the manual review process is slow “so we’re not always able to share vulnerabilities as quickly as we would like.”