A thief linked to stolen Ledger hardware wallets swapped about $14.7 million in USDT for USDD to avoid Tether's freezing controls after Tether blacklisted and froze $10 million in USDT from the theft. Investigators traced $86-$93 million stolen from over 300 wallets across multiple blockchains. The thief used mixers and moved funds through different channels, showing a sophisticated operation. Ledger is investigating a supply-chain compromise and has suspended sales through a Southeast Asian reseller, advising customers to secure their funds in new wallets. This case highlights gaps in stablecoin freeze powers and risks for wallet buyers.
Ledger theft-linked funds shifting from USDT to USDD provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, as of Oct 10, 2026 09:01 WIB, 38 of 50 major cryptocurrencies rose while 11 fell. Notable movers include ATOM at Rp35.799 (+9.74%), ADA at Rp4.546 (+8.70%), and EOS at Rp12.649 (+8.13%).
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