#tetherfreezesusdtlinkedtoledgertheft
đš BREAKING: Tether Freezes $10M USDT Linked to Massive Ledger Theft â Thief Switches to USDD to Escape Freezes
In one of the most significant hardware wallet security incidents of 2026, Tether has frozen approximately $10 million in USDT tied to a wave of thefts that drained nearly $90â93 million from over 300 Ledger users.
What Happenedđ§
On October 9, 2026, on-chain investigators (including MistTrack, Specter, and Bitquery) traced large-scale draining of wallets belonging to people who purchased Ledger devices through the Southeast Asian reseller CryptoBilis. Funds were swept from hundreds of wallets across $ETH , TRON, and Bitcoin in a coordinated operation.
Ledger has confirmed it is investigating the incident and has instructed CryptoBilis to immediately suspend all sales and shipments. Speculation is growing around possible supply-chain issues or device tampering, though no official root cause has been confirmed yet.
Tetherâs Rapid Responseđ«š
Within hours of the thefts becoming public, Tether blacklisted dozens of addresses linked to the stolen funds. Around $10 million USDT remains frozen across 20 wallets (roughly $500k each that the attacker had split out). Four addresses were later unfrozen after it was determined they belonged to OTC-style service providers that also held legitimate customer funds.
A freeze stops the USDT from moving but does not automatically return it to victims. Tether can later destroy the blocked tokens and re-issue them if requested by law enforcement or through proper channels.$USDT #crptonews $BTC
đš BREAKING: Tether Freezes $10M USDT Linked to Massive Ledger Theft â Thief Switches to USDD to Escape Freezes
In one of the most significant hardware wallet security incidents of 2026, Tether has frozen approximately $10 million in USDT tied to a wave of thefts that drained nearly $90â93 million from over 300 Ledger users.
What Happenedđ§
On October 9, 2026, on-chain investigators (including MistTrack, Specter, and Bitquery) traced large-scale draining of wallets belonging to people who purchased Ledger devices through the Southeast Asian reseller CryptoBilis. Funds were swept from hundreds of wallets across $ETH , TRON, and Bitcoin in a coordinated operation.
Ledger has confirmed it is investigating the incident and has instructed CryptoBilis to immediately suspend all sales and shipments. Speculation is growing around possible supply-chain issues or device tampering, though no official root cause has been confirmed yet.
Tetherâs Rapid Responseđ«š
Within hours of the thefts becoming public, Tether blacklisted dozens of addresses linked to the stolen funds. Around $10 million USDT remains frozen across 20 wallets (roughly $500k each that the attacker had split out). Four addresses were later unfrozen after it was determined they belonged to OTC-style service providers that also held legitimate customer funds.
A freeze stops the USDT from moving but does not automatically return it to victims. Tether can later destroy the blocked tokens and re-issue them if requested by law enforcement or through proper channels.$USDT #crptonews $BTC