Ledger theft-linked funds shift from USDT to USDD to dodge Tether freezes
Photo: Crypto Briefing
A suspected thief tied to compromised Ledger devices swapped millions in USDT for USDD after Tether started blacklisting addresses A wallet tied to a wave of thefts from Ledger hardware wallet users converted 2 million USDT into USDD . The apparent goal was to move the money beyond Tether ’s ability to freeze it. That one swap is part of a much larger pattern. On-chain investigators say approximately $86 to $93 million was drained from more than 300 wallets. Investigators traced the stolen funds on October 9, 2026, across several blockchains, including Ethereum , Tron, and Bitcoin .
Source: Crypto Briefing
