#tetherfreezesusdtlinkedtoledgertheft
đš $92.9M in crypto reportedly stolen â Tether freezes $10M in USDT.
Bitquery investigators traced approximately $92.9 million across 311 wallets on five blockchain networks, linked to customers who bought Ledger hardware wallets through Southeast Asian reseller CryptoBilis.
Ledger has launched an investigation and asked the reseller to pause sales and shipments. The exact cause of the compromise remains unconfirmed. đ
đĄïž Tetherâs response: Around $10 million in USDT associated with the incident has reportedly been frozen.
But thereâs an important distinction: frozen funds arenât the same as recovered funds. The action restricts transfers of those tokens, but it doesnât automatically return money to victims.
đ This is also a reminder that hardware wallets arenât a complete safety net if recovery phrases or transaction approvals are compromised.
Never use a recovery phrase supplied with a device, and never share your own.
đ The big question: How did the wallets get compromised, and how much of the stolen crypto can investigators recover?
#CryptoSecurity #USDT #Ledger #Blockchain #CryptoNews
đš $92.9M in crypto reportedly stolen â Tether freezes $10M in USDT.
Bitquery investigators traced approximately $92.9 million across 311 wallets on five blockchain networks, linked to customers who bought Ledger hardware wallets through Southeast Asian reseller CryptoBilis.
Ledger has launched an investigation and asked the reseller to pause sales and shipments. The exact cause of the compromise remains unconfirmed. đ
đĄïž Tetherâs response: Around $10 million in USDT associated with the incident has reportedly been frozen.
But thereâs an important distinction: frozen funds arenât the same as recovered funds. The action restricts transfers of those tokens, but it doesnât automatically return money to victims.
đ This is also a reminder that hardware wallets arenât a complete safety net if recovery phrases or transaction approvals are compromised.
Never use a recovery phrase supplied with a device, and never share your own.
đ The big question: How did the wallets get compromised, and how much of the stolen crypto can investigators recover?
#CryptoSecurity #USDT #Ledger #Blockchain #CryptoNews