#TetherFreezesUSDTLinkedToLedgerTheft đš #TetherFreezesUSDTLinkedToLedgerTheft
Tether has frozen USDT in addresses tied to reported Ledger user thefts totalling nearly $90M, per MistTrack. Ledger has also asked reseller CryptoBilis to halt device sales and shipments. (phemex)
Key takeaways:
đ A freeze blocks the thieves from moving funds, but it doesn't repay victims.
âïž It's another reminder that USDT has a central "freeze button", which is good for stopping theft but sparks the centralization debate.
đĄïž Buy hardware wallets only from official sources, and never share your seed phrase with anyone.
Do you see Tether's freeze power as a feature or a risk? đ
$USDT
Tether has frozen USDT in addresses tied to reported Ledger user thefts totalling nearly $90M, per MistTrack. Ledger has also asked reseller CryptoBilis to halt device sales and shipments. (phemex)
Key takeaways:
đ A freeze blocks the thieves from moving funds, but it doesn't repay victims.
âïž It's another reminder that USDT has a central "freeze button", which is good for stopping theft but sparks the centralization debate.
đĄïž Buy hardware wallets only from official sources, and never share your seed phrase with anyone.
Do you see Tether's freeze power as a feature or a risk? đ
$USDT