PeckShield identified $3.89 million drained from compromised Ledger hardware wallets routed to Binance deposit addresses on the Tron network. The transfers included approximately 3.685 million USDT and 615,000 TRX. These funds represent a fraction of estimated total losses between $86 million and $94.5 million affecting over 300 wallets. The stolen assets originated from devices purchased through CryptoBilis, a Southeast Asian Ledger reseller. Tether froze $10 million in USDT addresses tied to the attack, and the attacker attempted to circumvent the freeze by swapping some funds to USDD.
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