#tetherfreezesusdtlinkedtoledgertheft
đš Nearly $93 MILLION stolen from crypto wallets â and Tether is stepping in.
A major theft affecting users linked to Ledger devices bought through Southeast Asian reseller CryptoBilis has reportedly drained 311 wallets across multiple blockchains.
According to Bitqueryâs on-chain investigation, total losses reached approximately $92.9 MILLION.
Hereâs the critical development:
Tether froze around $10 MILLION in $USDT linked to the incident, preventing those funds from moving.
But the victims have NOT automatically recovered their money, and investigators have not confirmed exactly how the wallets were compromised.
The case is raising serious questions about crypto security, supply-chain risks and how quickly stolen funds can be traced across blockchains.
Even a hardware wallet cannot protect users if their recovery credentials or signing process are compromised.
#USDT #CryptoSecurity #bitcoin
đš Nearly $93 MILLION stolen from crypto wallets â and Tether is stepping in.
A major theft affecting users linked to Ledger devices bought through Southeast Asian reseller CryptoBilis has reportedly drained 311 wallets across multiple blockchains.
According to Bitqueryâs on-chain investigation, total losses reached approximately $92.9 MILLION.
Hereâs the critical development:
Tether froze around $10 MILLION in $USDT linked to the incident, preventing those funds from moving.
But the victims have NOT automatically recovered their money, and investigators have not confirmed exactly how the wallets were compromised.
The case is raising serious questions about crypto security, supply-chain risks and how quickly stolen funds can be traced across blockchains.
Even a hardware wallet cannot protect users if their recovery credentials or signing process are compromised.
#USDT #CryptoSecurity #bitcoin