CZ advises waiting weeks before using new hardware wallets

Amid a wave of user complaints on X and Reddit over unauthorized crypto outflows tied to Ledger devices, Binance founder Changpeng Zhao said users should wait a few weeks after buying a hardware wallet or downloading a new software wallet before transferring large sums. In a post on X, Zhao added users should keep checking for news about hacks during that period and afterward, noting hardware can be tampered with and even official software websites can be compromised. Zhao also stressed that while self-custody gives users greater control over their assets, it also leaves users with greater security responsibility. Meanwhile, Ledger said it is investigating devices sold through official distributor CryptoBilis in connection with asset theft cases involving users in Southeast Asia.