#tetherfreezesusdtlinkedtoledgertheft đš $92.9 MILLION STOLEN FROM CRYPTO WALLETS â TETHER FREEZES $10M! â ïž
A major crypto security incident has shaken the industry after on-chain investigators at Bitquery traced approximately $92.9 million in stolen assets across 311 wallets on five blockchain networks.
The affected wallets were linked to users who purchased Ledger hardware wallets through Southeast Asian reseller CryptoBilis. Ledger has launched an investigation and asked the reseller to suspend sales and shipments while the incident is examined. The exact method used to compromise the wallets remains unconfirmed. đ
đĄïž TETHER TAKES ACTION
Tether froze approximately $10 million in USDT associated with the incident. This action prevents the frozen tokens from being transferred, but it does not mean victims have automatically received their money back.
According to Bitquery's investigation, substantial funds remained traceable on-chain, while some assets had moved through other services. Investigators continue to monitor the movement of the stolen funds.
đ WHY THIS MATTERS
Hardware wallets are designed to protect private keys, but they cannot guarantee safety if recovery phrases are exposed or transaction approvals are compromised.
Crypto users should purchase devices through trusted channels, never use a pre-existing recovery phrase supplied with a device, and never share their own recovery phrase with anyone.
đ WHAT USERS SHOULD KNOW
â Ledger is investigating the reported incident.
â Tether has frozen approximately $10 million in USDT.
â ïž The full cause of the compromise has not been confirmed.
â Frozen funds do not automatically equal recovered funds.
#CryptoSecurity #USDT #Bitcoin #Ledger #Blockchain #CryptoNews
$BTC $ETH $USDT
A major crypto security incident has shaken the industry after on-chain investigators at Bitquery traced approximately $92.9 million in stolen assets across 311 wallets on five blockchain networks.
The affected wallets were linked to users who purchased Ledger hardware wallets through Southeast Asian reseller CryptoBilis. Ledger has launched an investigation and asked the reseller to suspend sales and shipments while the incident is examined. The exact method used to compromise the wallets remains unconfirmed. đ
đĄïž TETHER TAKES ACTION
Tether froze approximately $10 million in USDT associated with the incident. This action prevents the frozen tokens from being transferred, but it does not mean victims have automatically received their money back.
According to Bitquery's investigation, substantial funds remained traceable on-chain, while some assets had moved through other services. Investigators continue to monitor the movement of the stolen funds.
đ WHY THIS MATTERS
Hardware wallets are designed to protect private keys, but they cannot guarantee safety if recovery phrases are exposed or transaction approvals are compromised.
Crypto users should purchase devices through trusted channels, never use a pre-existing recovery phrase supplied with a device, and never share their own recovery phrase with anyone.
đ WHAT USERS SHOULD KNOW
â Ledger is investigating the reported incident.
â Tether has frozen approximately $10 million in USDT.
â ïž The full cause of the compromise has not been confirmed.
â Frozen funds do not automatically equal recovered funds.
#CryptoSecurity #USDT #Bitcoin #Ledger #Blockchain #CryptoNews
$BTC $ETH $USDT