Ledger probes $90 million theft after Tether freezes $10 million USDT

Ledger is investigating a supply‑chain attack that compromised hardware wallets sold through reseller CryptoBilis in Southeast Asia. The breach led to estimated losses of about $90 million across multiple blockchains. Tether froze roughly $10 million USDT linked to the activity. Ledger has asked owners of affected devices not to initialize them and to move assets to new wallets. The company is reviewing its sales policies and device authentication procedures.

Key points

1. Ledger is investigating compromised devices sold via reseller CryptoBilis in Indonesia, Malaysia and the Philippines.
2. Estimated losses from the theft are around $90 million, affecting hundreds of wallets across multiple chains.
3. Tether froze approximately $10 million USDT linked to the compromised wallets.
4. Ledger advised owners not to initialize affected devices and to transfer assets to new wallets.
5. Ledger is reviewing its device sales policies and authentication protocols after the incident.

Why it matters

What's unclear

Price context · USDT

Sources · 2 publishers

Coverage timeline

1. Oct 10, 16:22First reported by Finbold
2. Oct 13, 15:53Confirmed by Crypto Briefing
3. Oct 13, 16:03CryptoVideos brief published