Tether has frozen USDT tokens linked to a theft targeting Ledger users, with the total stolen value reaching nearly $90 million. The investigation focuses on funds stolen from users associated with the Southeast Asian distributor CryptoBillis. As part of these measures, Tether blacklisted four THORChain vaults holding $1.45 million in USDT. This action resulted in the suspension of THORChain's Tron swaps and liquidity-provider operations.
Tether intervened to freeze stablecoin assets following a security breach targeting Ledger hardware wallet users, with total losses estimated at $90 million.
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