Ledger hack scare nears $90 million as Tether moves to freeze stolen USDT

Suspected Ledger wallet thefts are approaching $90 million as Tether freezes USDT stablecoin linked to the incident, according to blockchain investigators. In an Oct. 9 statement , the crypto hardware wallet maker said it was investigating reports that customers lost funds after buying devices from CryptoBilis, an authorized reseller operating in Southeast Asia. As a precaution, the company asked the distributor to immediately pause sales and shipments of its hardware wallets while the investigation continues. Ledger also advised customers who purchased devices from CryptoBilis in the past 90 days not to initialize them if they had not yet completed setup.

Source: CryptoSlate