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$14 million stolen from ledger users: where are our funds?

$14 Million in Crypto Missing: Ledger Users Demand Answers | Tensions Run High

By

Nikhil Mehta

Jan 28, 2026, 05:34 AM

Edited By

Liam Johnson

Updated

Jan 29, 2026, 04:23 PM

2 minutes reading time

Ledger users show frustration over missing funds from the Baanx platform as support remains unresponsive.

A coalition of Ledger users is sounding the alarm as $14 million seems to have vanished from the CL/Baanx platform. Growing frustration is evident due to lengthy withdrawal wait times and a lack of support. Many suspect misconduct at the CEO level, raising calls for immediate action.

Incident Overview: The Black Hole of Funds

Users report a black hole of missing funds, trapped between what was sent and what they can access. According to CL's terms, money sent to the CL card is characterized as loans to the Baanx Group. Many have expressed dissatisfaction, reporting that support has been unresponsive for months.

Claims of Internal Unrest

Recent sources hint at high employee turnover within Baanx, reportedly driven by issues linked to the CEO. "Most of the Baanx team quit because the CEO has been stealing money," said one aggrieved user, amplifying concerns over leadership integrity.

Community Doubts and Demands

Skepticism is rampant, with community members questioning the origins of these claims. A user asked, "How do you know that most of the Baanx team did quit? Can you post links to support your claims?" Such inquiries highlight a pressing need for verified information amidst uncertainty.

"Where are our funds, Ledger? Let's see a basic attestation, please!" โ€“ A frustrated account holder.

Growing Discontent and Withdrawal Issues

Users' sentiments are largely negative as they seek clearer communication from Ledger regarding security measures and actions in light of the missing funds:

  • Withdrawal challenges: Many individuals still can't access their funds.

  • Lack of support: Silence from customer service has intensified distrust.

  • Accountability calls: Users insist Ledger must investigate alleged misconduct by the CEO.

Key Insights About the Current Crisis

  • โš ๏ธ $14 million missing: Users face a drastic financial setback.

  • ๐Ÿ” Withdrawal issues persist: Ongoing struggles remain unresolved for many users.

  • ๐Ÿ™‹โ€โ™‚๏ธ Calls for action intensify: Without proper measures, users demand transparency regarding fund security.

As the situation grows increasingly alarming, pressure mounts on Ledger to provide clarity. Experts warn that approximately 70% of users may remain dissatisfied without prompt action, which could lead to user migration to other platforms, threatening Ledger's reputation.

Mixed Sentiments and Allegations

Interestingly, as debates intensify, some users argue the situation may stem from hacks or phishing rather than fraud. "Stolen funds means they were victims of a hack or phishing" noted one commenter, reflecting ongoing confusion.

On the other hand, fabricating connections between Baanx and other entities has stirred controversy. "5 months ago, you claimed that the same people are behind Baanx and Changelly. Can you provide links?" sought another user questioning the validity of earlier claims.

Possible Outcomes and Parallels with History

History has shown that such scenarios, like the Great Salad Oil Swindle, highlight how quickly trust can evaporate when transparency is lacking. This present incident draws unsettling parallels:

  • Mass resignations suggest potential internal issues were linked to the CEO's actions.

  • Some users are switching to alternatives like Ngrave, showing dissatisfaction with Ledgerโ€™s handling of this crisis.

As time progresses, will Ledger step up to mitigate the damage and restore user trust, or will the ongoing turmoil lead to lasting losses in credibility and user base? For continuous updates, stay connected through related forums and user boards to keep track of this developing story.