Hacking News
Ledger Reseller Compromise Drains Over $93 Million as Tether Freezes Funds
Blockchain intelligence firms report that up to $93.2 million in cryptocurrency was drained from wallets linked to Ledger devices sold by authorized reseller CryptoBilis. Tether has frozen $10 million in USDT associated with the theft. Ledger confirmed the discovery of an unauthorized hardware implant in at least one affected unit. Investigations into the incident remain underway according to Ledger. Bitquery traced the stolen funds across 315 wallets on six blockchains, noting the attackers largely took USDT and TRON tokens. Research platform YFarmX estimated a higher loss of $94.5 million across 521 addresses on seven blockchains. Bitquery noted that approximately $81 million could still be traced onchain as of October 11, though portions moved through Tornado Cash and Zcash. Ledger advised CryptoBilis customers not to configure unused devices and recommended affected users transfer assets to fresh devices with new recovery phrases.