Start with the most common causes before resetting the wallet, restoring from a recovery phrase, or trusting a support message.
Ledger Live cannot reach the relevant network or indexing service
Ledger Live app version or account cache is stale
Wrong account, asset, network, or token view is selected
A restored or newly added device has not completed account discovery for the expected account set
Transaction is pending, failed, or on a different network than expected
VPN, firewall, proxy, or local network is blocking refresh
A fake sync page is asking you to validate the wallet with recovery words
An empty restored view can come from passphrase context, account discovery, derivation path, selected network, token visibility, imported accounts, or Ledger Live cache
After Ledger firmware or Ledger Live updates, bootloader/update mode, device reconnects, coin app prompts, cache refresh, and account discovery delays can make balances look stale temporarily