When you buy a cold wallet, the last thing you want is to get a sense of security without actually getting security.
#LedgerIncidentLossNear$90Million The victims identified so far include users who bought devices from Southeast Asian distributor CryptoBilis. Early on-chain estimates put the losses at nearly $90 million, while a subsequent Bitquery investigation estimated them at around $92.9 million, involving 311 wallet addresses. This figure is still a third-party estimate, not an official final tally.
Ledger has asked the distributor to suspend sales and shipments, and warned users who bought devices in the past 90 days: don’t activate devices that haven’t been initialized; if you’ve already used yours, consider moving your assets to a wallet on a new device with a new recovery phrase. The exact method of the leak is still under investigation. Supply-chain tampering is one suspected possibility, but it’s too early to conclude that the chips were hacked.
Tether has frozen some of the USDT involved, but freezing funds doesn’t mean they’ve been returned to victims.
The most upsetting part is that users were already taking security seriously. In my view, hardware wallet security must cover the entire process, from manufacturing and distribution to initialization. The label “authorized reseller” also needs to stand up to ongoing scrutiny.#Tether冻结Ledger盗窃案相关USDT
#LedgerIncidentLossNear$90Million The victims identified so far include users who bought devices from Southeast Asian distributor CryptoBilis. Early on-chain estimates put the losses at nearly $90 million, while a subsequent Bitquery investigation estimated them at around $92.9 million, involving 311 wallet addresses. This figure is still a third-party estimate, not an official final tally.
Ledger has asked the distributor to suspend sales and shipments, and warned users who bought devices in the past 90 days: don’t activate devices that haven’t been initialized; if you’ve already used yours, consider moving your assets to a wallet on a new device with a new recovery phrase. The exact method of the leak is still under investigation. Supply-chain tampering is one suspected possibility, but it’s too early to conclude that the chips were hacked.
Tether has frozen some of the USDT involved, but freezing funds doesn’t mean they’ve been returned to victims.
The most upsetting part is that users were already taking security seriously. In my view, hardware wallet security must cover the entire process, from manufacturing and distribution to initialization. The label “authorized reseller” also needs to stand up to ongoing scrutiny.#Tether冻结Ledger盗窃案相关USDT