Bitcoin holder loses 80 BTC to drainer after buying Ledger from reseller
A Bitcoin holder lost 80 BTC worth nearly $6.6 million after transferring the funds to a Ledger hardware wallet acquired from a reseller, on-chain tracking data reveals.

An investor has lost an entire balance of 80 BTC after moving the assets onto a Ledger hardware wallet purchased from a reseller named CryptoBillis, according to on-chain tracking account Lookonchain. Transaction records indicate that the entire sum was transferred to a destination labeled "Ledger Drainer" roughly nine hours before the alert.[1][2]
Lookonchain noted that the owner had acquired the 80 BTC four months earlier for approximately $5.2 million, paying an average price of around $65,000 per coin, and held roughly $1.38 million in unrealized profit prior to the incident. On-chain transaction logs shared by Lookonchain and Cointelegraph show that 80 BTC worth $6.72 million was deposited into the victim's address one week before the theft, before the full 80 BTC—valued at $6.59 million at the time of the drain—was routed into the drainer address.[1][2]
Reporting on the theft, Crypto Briefing emphasized that the episode underscores the critical importance of purchasing hardware wallets directly from official sources to safeguard digital assets.[3]
Key facts
- Lookonchain reported that an investor lost 80 BTC after depositing the funds into a Ledger wallet purchased from reseller CryptoBillis.
- On-chain data indicates 80 BTC valued at $6.59 million was moved to an address labeled "Ledger Drainer."
- The victim's wallet received the 80 BTC, then valued at $6.72 million, one week prior to the drain.
- The holder originally purchased the 80 BTC four months earlier for about $5.2 million at roughly $65,000 per coin, holding an unrealized gain of $1.38 million before the loss.
- Crypto Briefing reported that the loss underscores the necessity of obtaining hardware wallets directly from official sources.
Sources · 3 sources
- LO
Lookonchain@lookonchainPost on X ·
Poor guy! 4 months ago, he bought 80 $BTC ($5.2M) at a low price of ~$65,000 and was sitting on a $1.38M profit. But a week ago, he bought a Ledger device from reseller CryptoBillis and deposited all 80 $BTC into it. Now he's lost everything. https://t.co/b9FeSLqCdy https://t.co/7JYmCkkbq2
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 ALERT: A Bitcoin holder reportedly lost all 80 $BTC bought for $5.2 million after transferring them to a Ledger wallet purchased from reseller CryptoBillis, Lookonchain reports. https://t.co/Day44K4BuR
Open source - CB
Crypto BriefingArticle ·
Bitcoin holder loses 80 BTC worth $5.2 million after moving funds to reseller-bought Ledger The incident underscores the critical importance of purchasing hardware wallets from official sources to ensure asset security. The post Bitcoin holder loses 80 BTC worth $5.2 million after moving funds to reseller-bought Ledger appeared first on Crypto Briefing .
Open source

