Ledger hack scare nears $90 million as Tether moves to freeze stolen USDT
Summary
Ledger is investigating suspected thefts affecting customers who bought hardware wallets from authorized Southeast Asian reseller CryptoBilis. It paused the reseller’s sales and advised recent buyers to avoid setting up unused devices or move funds to a newly initialized wallet. Investigators estimate losses at nearly $90 million across Bitcoin, Ethereum and Tron, though figures are unverified and the cause—counterfeit devices, tampering or another attack—remains unknown. Tether has frozen USDT linked to the incident, potentially limiting movement of those tokens, but the amount frozen is undisclosed and freezing does not itself return funds. No evidence has confirmed malicious hardware implants.
