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.Those who had already configured their wallets were urged to consider transferring their cryptocurrency to a new Ledger device initialized with a fresh recovery phrase.CryptoBilis is a recognized Ledger resellerCryptoBilis appears in Ledger's official reseller directory for Malaysia, Indonesia, and the Philippines. Customers buying through authorized distribution channels generally rely on those relationships to reduce the risk of receiving counterfeit or compromised hardware.The incident has drawn attention from Binance founder Chang...