Tether freezes $10 million; USDT involves $93 million; Ledger vulnerability
2026-10-12 20:08:10
CoinMeta data: Tether has frozen $10 million USDT related to the vulnerability Cryptobilis Ledger. The total value of the encrypted assets involved in this incident is as high as $93 million. According to several blockchain analysis and intelligence companies, hackers stole approximately $93.2 million in encrypted assets from wallets associated with Ledger devices sold by Cryptobilis. Ledger confirmed that at least one of the affected devices had unauthorized hardware implants. Bitquery stated that hackers mainly stole USDT and TRON tokens, involving 315 wallets across six blockchains. Security research platform YfarmX reported that attackers stole $94.5 million from 521 addresses. Ledger has not yet confirmed the amount stolen or whether compensation will be considered for affected users. This freeze is crucial for stablecoin issuers as it allows them to prevent the circulation of tokens related to criminal activities.
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Source:CoinDesk
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