🚨 1 hour ago: The Ledger thief has started laundering the money!
Let me translate: The suspect split 430.2 $ETH (about $1.07 million) across 4 wallets and deposited it into Tornado Cash. Once the money goes in, on-chain tracking is basically out of the picture.
Latest updates (monitored by Lookonchain / Onchain Lens):
① The wallets involved still hold about $70.6 million: 11,406 $ETH (about $28.35 million), 213.371 $BTC (about $17.65 million), 13.646 million USDD, and 10.909 million USDT
② Some of the stolen funds flowed into a Binance hot wallet—translation: they went to a major exchange's address, and cashing out means going through KYC. That's a pretty "bold" move.
③ Tether has frozen some of the funds; the suspect is swapping USDT for USDD to play hide-and-seek
The overall picture: On-chain investigator Specter has tracked $BTC , $ETH , and TRON across hundreds of victim wallets, with more than $86 million involved (Ledger has yet to be definitively confirmed). Arkham has tagged 152 addresses as "ledger-drainer," with a visible balance of about $71.6 million.
On the official front: Ledger has asked its Southeast Asian distributor CryptoBilis to suspend shipments. Anyone who bought a device should hurry and switch to a new device + a new recovery phrase. Translation of the official wording: "under investigation" = they really are investigating; "precautionary measures" = clear the shelves first, and talk later.
The key takeaway: Don't buy hardware wallets from shady sources just because they're cheap. Waiting a few extra days for one shipped directly from the official website is better than losing your coins.
There's still over $70 million sitting untouched in the hacker's wallets. Where do you think the next batch of stolen funds will go?
For informational purposes only; not investment advice.
Let me translate: The suspect split 430.2 $ETH (about $1.07 million) across 4 wallets and deposited it into Tornado Cash. Once the money goes in, on-chain tracking is basically out of the picture.
Latest updates (monitored by Lookonchain / Onchain Lens):
① The wallets involved still hold about $70.6 million: 11,406 $ETH (about $28.35 million), 213.371 $BTC (about $17.65 million), 13.646 million USDD, and 10.909 million USDT
② Some of the stolen funds flowed into a Binance hot wallet—translation: they went to a major exchange's address, and cashing out means going through KYC. That's a pretty "bold" move.
③ Tether has frozen some of the funds; the suspect is swapping USDT for USDD to play hide-and-seek
The overall picture: On-chain investigator Specter has tracked $BTC , $ETH , and TRON across hundreds of victim wallets, with more than $86 million involved (Ledger has yet to be definitively confirmed). Arkham has tagged 152 addresses as "ledger-drainer," with a visible balance of about $71.6 million.
On the official front: Ledger has asked its Southeast Asian distributor CryptoBilis to suspend shipments. Anyone who bought a device should hurry and switch to a new device + a new recovery phrase. Translation of the official wording: "under investigation" = they really are investigating; "precautionary measures" = clear the shelves first, and talk later.
The key takeaway: Don't buy hardware wallets from shady sources just because they're cheap. Waiting a few extra days for one shipped directly from the official website is better than losing your coins.
There's still over $70 million sitting untouched in the hacker's wallets. Where do you think the next batch of stolen funds will go?
For informational purposes only; not investment advice.