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Ledger-Linked Wallets Move Nearly 3,000 ETH Through Privacy Tools

Nearly $55.5 million in Ether and Bitcoin remains in wallets linked to the attack, while about $2.85 million in USDC sits across three wallets.

Mentioned assets
Hardware wallet beside an evidence bag on a stainless counter / TokenPost.ai
Hardware wallet beside an evidence bag on a stainless counter / TokenPost.ai

Wallets linked to the Ledger supply-chain attack moved nearly 3,000 Ether (ETH) through Tornado Cash and Zcash, while about $55.5 million in Ether and Bitcoin remained in associated addresses.

The Ether was transferred through Tornado Cash in three transactions before entering Zcash privacy pools and being exchanged for USD Coin (USDC). YFarmX said value matching allowed it to trace 108 transactions connected to the Zcash transfers.

About $2.85 million in USDC remained across three wallets, where Circle could freeze the funds. Tether also froze about $10 million worth of stolen USDT.

The associated wallets continued to hold about $38.6 million in ETH and $16.9 million in Bitcoin (BTC). The transfers show the attackers using privacy-focused services and asset conversions to complicate the movement of funds.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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