A large amount of funds was still sitting in the attackers’ wallets in the Ledger supply-chain case. Now, nearly 3,000 $ETH have been transferred via Tornado Cash in three batches, then routed through the $ZEC privacy pool and converted into USDC. Investigators appear to have tracked 108 $ZEC transactions using exact value matching, and Tether has also frozen $10 million in stolen USDT.

I checked what remains: the related wallets still hold $38.6 million in $ETH and $16.9 million in $BTC , plus $2.85 million in USDC that Circle could likely freeze. $BTC is currently priced at 82,875.87 USDT, down just 0.31% over 24 hours. This hasn’t had much impact on the price so far, but I’ll wait for more on-chain tracking updates before assessing how the funds are moving.