Ledger has reported that the number of confirmed cases involving the CryptoBulls scam is relatively low, with up to $93 million traced to the scheme. The company has also frozen $10 million in assets related to the scandal. The cases all involve devices sold by a Southeast Asian reseller, according to Ledger, who claims to have taken swift action to contain the damage. However, critics argue that Ledger is not doing enough to take responsibility for an authorized sales channel that may have contributed to the scam.
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
The controversy highlights the ongoing issue of authorized resellers and the risks associated with buying hardware wallets from unofficial sources.