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Taylor Monahan Says New Ledger Loss Reports She Reviewed Involved Scams

Tokenpost • October 17, 2026

Security expert Taylor Monahan said the newest Ledger loss reports she reviewed involved owners tricked by scams after fears a cellular implant, rather than losses caused by the implant itself.

On a podcast episode Wednesday, Oct. 14, Monahan said the reports she had handled over the few days were not “Ledger drains” caused by the implant. She did not give a count of the reports.

Monahan listed misleading Google ads appearing in Ledger Live searches, fake apps, phishing sites, alarming emails and scam calls as tactics used to target worried owners. “Don’t panic,” she said.

Ledger said an unauthorized component in devices sold through CryptoBilis read recovery phrases from device screens and transmitted them over a cellular connection. The company has said every confirmed implant-related loss involved a device sold through CryptoBilis, the subject of its investigation into reported wallet losses . Ledger has not confirmed a total for the losses.

Ledger Support said Wednesday, Oct. 14, that it will never call users, send them direct messages or ask for their 24-word recovery phrase.

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This article is one source in a clustered incident — the cluster page carries the summary, timeline and every other outlet covering it.

Ledger Wallet Faces $103M Losses from Compromised Devices Sold by CryptoBilis Ledger Wallet is under scrutiny following reports of over $103 million in cryptocurrency theft linked to compromised hardware wallets sold through the Southeast Asian reseller CryptoBilis. Initial alerts about tampered devices were reportedly received by Ledger as early as December 2025, but the company did not publicly address these warnings. Security expert Taylor Monahan indicated that many recent loss reports stem from scams targeting concerned users rather than direct exploitation of the compromised devices. Ledger has advised customers who purchased devices from CryptoBilis in the last 90 days to avoid initializing them and to transfer their assets to new wallets. The investigation is ongoing, and Ledger has suspended sales through CryptoBilis while cooperating with authorities. The total number of affected addresses is estimated at 530, with losses initially reported at $86 million before being revised to over $103 million. 2 sources 58

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Taylor Monahan Says New Ledger Loss Reports She Reviewed Involved Scams

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