$USDT is getting frozen while the Ledger theft approaches $90M.
Tether is reportedly freezing USDT linked to multiple addresses suspected of involvement in the recent Ledger-related theft, according to MistTrack.
Reported losses: nearly $90M
Stablecoin involved: $USDT
Tether: freezing funds linked to suspected addresses
MistTrack: continuing its investigation and assisting affected users
Market angle: Freezing centralized stablecoins can help restrict the movement of stolen funds, but it cannot reverse every transaction or guarantee victims will recover their assets.
Hackers thought they found liquidity. Tether found the off switch.
How much of the stolen funds can investigators actually recover?
Tether is reportedly freezing USDT linked to multiple addresses suspected of involvement in the recent Ledger-related theft, according to MistTrack.
Reported losses: nearly $90M
Stablecoin involved: $USDT
Tether: freezing funds linked to suspected addresses
MistTrack: continuing its investigation and assisting affected users
Market angle: Freezing centralized stablecoins can help restrict the movement of stolen funds, but it cannot reverse every transaction or guarantee victims will recover their assets.
Hackers thought they found liquidity. Tether found the off switch.
How much of the stolen funds can investigators actually recover?