Tether Freezes USDT as Ledger-Related Theft Nears $90 Million

Tether froze a large amount of Tether USDt (USDT) linked to a Ledger-related theft, with tracked losses in the incident approaching $90 million.

The freeze covers USDT held at addresses associated with funds taken from Ledger users. Some victims have sought assistance, and the investigation is continuing.

Ledger is investigating the theft involving users connected to Southeast Asian distributor CryptoBillis.

The incident remains under investigation as tracking efforts continue and affected users seek assistance.