Hacking News
Ledger Exploit: $93.2M Traced in Crypto Theft
Ledger, a hardware-wallet maker, confirmed that $93.2 million in crypto was stolen from wallets linked to devices sold by the reseller CryptoBilis. Several blockchain firms, including Bitquery and YFarmX, traced the theft, which involved mostly USDT and TRON tokens from 315 wallets across six blockchains. The attackers stole funds from 521 addresses across seven blockchains. Tether has frozen $10 million in USDT tied to the theft. Ledger advised CryptoBilis customers to not set up unused devices and move assets to a new device with a newly generated recovery phrase. The incident is distinct from a previous phishing campaign, where the attacker obtained keys needed to directly empty wallets, unlike the current theft.