A Ledger user lost 7 million USDT after depositing funds, potentially the largest single loss in this security incident

According to Onchain Lens monitoring, the suspected hacker behind the reported $90 million Ledger reseller incident has deposited 430.2 ETH, worth $1.07 million, into Tornado Cash through 4 wallets. After Tether froze the related funds, the hacker swapped USDT for USDD through SUN.io and USDD's PSM, with some funds also flowing into Binance hot wallets.The hacker's wallet tracked by Arkham currently holds a total of $70.6 million in assets, including 11,406 ETH worth $28.35 million; 213.371 BTC worth $17.65 million; 13.646 million USDD worth $13.65 million; and 10.909 million USDT worth $10.91 million. Onchain Lens is calling on Binance to investigate these transfers and freeze accounts associated with the stolen funds as soon as possible.

Odaily reports, according to OKX market data, MAGIC has broken through 0.1 USDT, currently trading at 0.10019 USDT, with a 24H gain of 60.07%.

Odaily News: U.S. President Trump stated that 28 million barrels of oil were shipped out of the Strait of Hormuz yesterday, and a major announcement on diesel is coming soon. Trump reiterated that energy prices will decline after the Iran war ends.

According to Lookonchain monitoring, some users who purchased Ledger hardware wallets have had their funds stolen, with all affected devices purchased from reseller CryptoBillis, and reported total losses approaching $90 million. Among them, a user with an address labeled TY24Ya purchased the device three weeks ago and deposited 7 million USDT into it, but approximately 10 hours ago the entire amount was stolen, potentially the largest single loss in this incident.

Odaily News: Bitcoin fell to $80,350 on Thursday before rebounding, climbing back above $83,000 at the Friday U.S. stock market open and subsequently fluctuating around $82,500. The rolling 24-hour cryptocurrency liquidation amount had previously exceeded $1 billion. Despite news circulating that Ledger hardware wallet users' funds were stolen, the crypto market has not yet shown significant selling pressure.Analysts suggest that before the U.S. CPI data is released on October 14, Bitcoin may remain range-bound, with the main trading range between $81,300 and $86,500, and could repeatedly test $84,000. The market is also watching whether Bitcoin can hold the key level of $82,500 before the weekly close. (Cointelegraph)

According to MistTrack monitoring, Odaily reports that Tether has frozen a large amount of USDT on addresses related to the Ledger user fund theft incident. The losses from this incident have approached $90 million, and some affected users have contacted MistTrack for assistance, with the team currently following up. Previously, Ledger stated it was investigating the theft of user funds related to Southeast Asian distributor CryptoBillis.