OneKey revokes CryptoBilis's reseller authorization amid wallet tampering
Summary
OneKey, a crypto hardware maker, has revoked CryptoBilis’s authorization as a reseller of its products following the exposure of tampered Ledger wallets sold through the Malaysian retailer, which had funds stolen. This move is part of a broader industry response, as hardware wallet companies are reviewing their reseller networks and halting new authorizations in light of recent tampering reports. Several affected providers are also offering replacement devices to eligible customers while investigations are ongoing.
Analysis
OneKey: OneKey is a Hong Kong-based maker of hardware wallets and related self-custody software for cryptocurrencies. Its products include open-source firmware and apps audited by third-party security firms. In this news, OneKey revoked CryptoBilis’s reseller status and launched a device replacement program for purchases made through the retailer amid broader supply-chain tampering concerns. CryptoBilis: CryptoBilis is a Southeast Asian retailer based in Malaysia that sold multiple brands of hardware wallets across the region. It previously held authorized reseller status for several hardware wallet makers. The news reports that OneKey terminated its authorization following reports of tampered devices sold through the retailer. Industry Response: Ledger and other hardware wallet makers have confirmed that confirmed exploit cases trace to devices sold through the affected Southeast Asian channel. Supply Chain Review: Hardware wallet companies are reviewing their reseller networks and pausing new authorizations in response to recent tampering reports. Customer Protections: Affected hardware wallet providers are offering replacement devices to eligible buyers as a precaution while investigations continue.
Categories
crypto
Related sources
- https://www.cryptobilis.com/product/onekey-lite/
- https://cryptomediazone.com/hack-database/ledger-cryptobilis-86m-drain/
- https://www.theblock.co/press-releases/onekey-launches-pro-2-first-hardware-wallet-with-portfolio-view-418000
- https://www.tokenpost.com/news/technology/30432
- https://cryptobriefing.com/cryptobilis-wallet-incident-onekey-actions/
- https://cryptowatchdaily.com/news/ledger-cryptobilis-exploit-cases-limited/
- https://www.cryptobilis.com/onekey/
- https://www.kucoin.com/news/flash/onekey-proposes-five-improvements-after-ledger-hardware-supply-chain-attack-analysis
- https://coinmarketcap.com/academy/article/trezor-onekey-cut-ties-cryptobilis-ledger-drains
- https://cryptobriefing.com/onekey-cuts-off-cryptobilis-free-replacements/
- https://www.tokenpost.com/news/technology/29464
- https://www.signalplus.com/crypto-news/detail/onekey-cryptobilis-reseller-deal-free-wallet-replacements?lang=en-US
- https://theedgemalaysia.com/node/821624