🚨 BREAKING: Tether Freezes Millions in Stolen USDT After ~$90M Ledger Hardware Incident!
Blockchain analytics firm MistTrack and on-chain monitors confirmed that Tether blacklisted and frozen millions of dollars in USDT tied to a massive $86M–$90M hardware wallet breach.
🔎 Key Highlights:• The Cause: A localized supply-chain breach involving a third-party reseller (CryptoBillis), where devices were physically tampered with before reaching users.• The Attacker's Move: Over 300 wallets compromised. To evade Tether's freeze controls, the hacker began swapping stolen USDT into decentralized stablecoins like USDD!• Response: Tether stepped in immediately to freeze blacklisted wallets, working alongside law enforcement and on-chain intelligence teams.
Are central controls like Tether freezes a net positive for protecting users during security breaches? Drop your views! 👇$XRP
#tetherfreezesusdtlinkedtoledgertheft
Blockchain analytics firm MistTrack and on-chain monitors confirmed that Tether blacklisted and frozen millions of dollars in USDT tied to a massive $86M–$90M hardware wallet breach.
🔎 Key Highlights:• The Cause: A localized supply-chain breach involving a third-party reseller (CryptoBillis), where devices were physically tampered with before reaching users.• The Attacker's Move: Over 300 wallets compromised. To evade Tether's freeze controls, the hacker began swapping stolen USDT into decentralized stablecoins like USDD!• Response: Tether stepped in immediately to freeze blacklisted wallets, working alongside law enforcement and on-chain intelligence teams.
Are central controls like Tether freezes a net positive for protecting users during security breaches? Drop your views! 👇$XRP
#tetherfreezesusdtlinkedtoledgertheft