Tether has frozen nearly $90 million in USDT linked to thefts from Ledger hardware wallet users. Estimated losses exceed $86 million and involve devices purchased from CryptoBilis, an authorized distributor operating in Southeast Asia. The incident surfaced on October 9, 2026, and early speculation points to possible tampering in the supply chain rather than a flaw in Ledger’s core hardware. The stolen assets were spread across Bitcoin, Ethereum and Tron networks, and the freeze blocks transfers without guaranteeing reimbursement for victims. Ledger has advised recent buyers not to initialize new hardware and urged CryptoBilis to stop all sales and shipments.
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