$47 000 USD

MAY 2019




"Based in France, Ledger is the largest cryptocurrency hardware wallet company." "Ledger is a hardware cryptocurrency wallet that is used to store, manage, and sell cryptocurrency. The funds held in these wallets are secured using a 24-word recovery phrase and an optional secret passphrase that only the owner knows."


"Ledger offers two products, the Nano S and Nano X, that can store the digital keys used to secure crypto wallets. The devices can be used with a variety of cryptocurrencies, are compatible with numerous apps, and are supposed to offer a safe way to manage crypto without compromising too much on convenience. Ledger says on its website that it has sold 1.5 million products to customers in 165 countries to date."


"[B]ought direct from ledger over 18 months ago." "It[ ha]s not left my home safe for the last few months." "[B]oth [seed phrase and ledger] kept separate, 1 in a locked drawer and the other in my safe."


"Horrible feeling this morning." "I've just checked my ledger nano s for the first time in a while and it's been cleaned out, totally stripped of everything." Lost "1.2btc 35eth 350ltc" "[A]pparently btc and Eth have ended up on @binance"


"Saddest of all is I can get over this loss, and believe so.kuch in the tech that I'd happily start buying again, but where is it truly safe?"


"@tradingroomapp @cz_binance @CryptoDonAlt does anyone know someone who could help please." "Going to file police reports etc not hopeful but fingers crossed." "Still with cyber crime unit, waiting for news, no nothing from Ledger."

Twitter user Jpeezy555 reports that the assets on the Ledger were taken, despite the wallet and seed phrase being held separately. One in a locked drawer and the other in a safe. Funds were sent to Binance. JPeezy555 reportedly engaged law enforcement, but as of an update almost a month later, there was no progress in recovery.

Sources And Further Reading

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