UPDATE: Tether freezes $10M USDT linked to compromised Ledger devices
CIE News ·
Tether has frozen $10 million in USDT tied to compromised Ledger wallets sold by reseller CryptoBilis, with blockchain analytics firm Bitquery reporting roughly $81 million remains traceable onchain as of October 11.
Tether has frozen $10 million in Tether (USDT) tied to compromised Ledger hardware wallets sold by reseller CryptoBilis, CoinDesk reported. As previously reported, Ledger confirmed an unauthorized hardware implant in affected devices with estimated losses topping $86 million. Blockchain analytics firm Bitquery said it traced $93.2 million stolen across six blockchains, noting that roughly $81 million remained traceable onchain as of October 11, 2026, though some funds were routed through Tornado Cash and Zcash (ZEC). Ledger stated that its investigation remains ongoing.