> ## Content Index > Fetch the complete content index at: https://blog.1token.tech/llms.txt > Use this file to discover other available public pages before exploring further. # Ledger Investigates Suspected $86M Supply-Chain Attack - URL: https://blog.1token.tech/ledger-investigates-suspected-86m-supply-chain-attack/ - Published: 2026-10-13T21:54:17.000Z - Updated: 2026-10-13T21:54:17.000Z - Description: CW41 Ledger is investigating suspected device tampering linked to over $86M in crypto losses. OKX secured new investment at a $25B valuation. Meanwhile, OKX and Gate launched consumer money apps offering stablecoin payments and broader financial services. - Author: 1Token - Tags: Market Digest ## Ledger hardware wallets drained in suspected reseller supply-chain attack Ledger is investigating reports of crypto theft from users in Southeast Asia who bought devices from CryptoBilis, a Malaysian reseller authorized for Malaysia, Indonesia and the Philippines. On-chain investigator Specter traced more than ＄86 million across 98 addresses on Bitcoin, Ethereum and Tron, citing inflows from hundreds of victim wallets. Ledger has asked CryptoBilis to pause all sales and shipments, and advised buyers from the past 90 days not to set up uninitialized devices, or to migrate funds to a new signer with a fresh seed phrase if already set up. CZ called it a supply-chain attack via a single vendor. Malaysian corporate records show that, as of August 3, 2026, an individual named Jiaming with a registered address in China's Heilongjiang province held 100% of CryptoBilis shares. The company's former co-founder confirmed CryptoBilis was acquired in March 2026, with the original owners exiting all operational, managerial and administrative roles and bound by a confidentiality agreement. According to Mark Karpelès, a hidden implant under the screen intercepts data sent to the display and captures the recovery phrase during setup, while the original secure element stays intact so genuine-device verification still passes; tampered units shipped in intact shrink wrap. No confirmed evidence yet links the ownership change to the device tampering, and Ledger has not confirmed the root cause. Tether froze linked USDT, after which funds moved into USDD and, for 430.2 ETH, through Tornado Cash. See announcement:[ https://www.theblock.co/news/business/2026-10-09-ledger-cryptobilis-fund-losses-418163](https://blog.1token.tech/crypto-quant-strategy-index-xiv-june-july-2026/) ## OKX raises new round at a ＄25 billion valuation OKX announced the completion of a strategic investment from Circle, Qube Research & Technologies (QRT), Ripple and SC Ventures by Standard Chartered at a ＄25 billion pre-money valuation. The round is an extension of the round led by Intercontinental Exchange (ICE), parent of the New York Stock Exchange, which invested in March. ICE reportedly invested about ＄200 million at the same valuation. Each investor supports a core layer of OKX's infrastructure: Circle issues USDC, QRT provides institutional liquidity and risk capacity, Ripple brings payments and liquidity plus its RLUSD stablecoin on OKX's unified order book, and Standard Chartered custodies BUIDL, the tokenized Treasury fund at the center of OKX's collateral framework with BlackRock. Founder and CEO Star Xu said the capital will fund growth and the tokenization of real-world assets as OKX evolves from an exchange into a broader fintech platform. OKX also plans to apply for a tokenized stock trading platform and to form a joint venture, OKXICE LLC, aiming to be among the first to offer tokenized stocks for NYSE-listed companies. The plan includes a 30-day exit period before launch, alongside regulatory and compliance review. See press release: [https://www.okx.com/en-us/learn/strategic-investment-oct-2026](https://blog.1token.tech/crypto-quant-strategy-index-xiv-june-july-2026/) ## OKX launches Money app, Gate follows OKX introduced OKX Money, a standalone app for saving, sending and spending digital dollars. It brings dollar-backed stablecoin savings, earnings on eligible balances, and virtual and physical cards into one experience, aimed at users in regions where currency volatility, limited banking access and foreign exchange fees make it hard to protect savings and spend globally. Customers can fund accounts in more than 50 currencies, hold USDG, USDC or USDT with no conversion fees, earn up to 10% APY on eligible USDG balances with no staking or lockup, and spend with zero foreign exchange fees. OKX says roughly 70% of its target users have never used a crypto app, and will expand cautiously. See announcement: [https://www.okx.com/en-us/learn/okx-money-launch-select-markets](https://blog.1token.tech/crypto-quant-strategy-index-xiv-june-july-2026/) Following OKX into stablecoin-based consumer payments, Gate has also launched a Money app, an all-in-one app combining crypto, fiat, stocks, gold and bank accounts in 60+ currencies for mainstream users. Gate Found Lin Han said Gate sees money apps such as Revolut, Cash App and Wise as moreimmediate competitors than traditional banks, though he also seescompetition with other exchanges pursuing similar products. He said cryptofirms now have the technology, licensing and banking relationships needed tooffer services that once sat largely with banks and brokers. --- ## About 1Token: 1Token is a **digital asset investment management** platform providing [Crypto PMS](https://1token.tech/products/portfolio-management?ref=blog.1token.tech), [RMS](https://1token.tech/products/risk-management?ref=blog.1token.tech), and [Portfolio Accounting Software](https://1token.tech/clients/fund-admin-auditor?ref=blog.1token.tech), managing over **$20 billion** in assets for more than **100 clients** worldwide. 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