A suspected thief linked to compromised Ledger hardware wallets converted roughly 14.7 million USDT into USDD via SUN.io after Tether froze $10 million across more than 20 addresses. Approximately $86 to $93 million was drained from over 300 wallets, according to on-chain investigators who traced the funds across Ethereum, Tron, and Bitcoin on October 9, 2026. Roughly 430 ETH worth approximately $1.07 million was routed through Tornado Cash. The tagged wallets are estimated to still hold about $70.6 million in cryptocurrency, including 11,406 ETH, 213 BTC, and 13.65 million USDD. The thefts have been linked to Ledger wallets purchased through CryptoBilis, a reseller based in Southeast Asia operating in Indonesia, Malaysia, and the Philippines.
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