In just 47 minutes, 315 wallets were drained across six networks, with a total of $93.2 million withdrawn, while $14.9 million in USDT was likely converted to USDD to avoid being frozen by the issuer. $ETH

Ledger is investigating Nano X devices suspected of being sold by a Southeast Asian distributor called CryptoBilis. They may have contained an additional chip that captured the recovery phrase during setup.

The losses were unevenly distributed: $70.5 million across TRON versus just $3.7 million on Ethereum. On-chain analysis points to a coordinated sweep, as multiple wallets were emptied around the same time and the funds were quickly moved into assets that are harder to freeze.

If you keep large balances on a hardware wallet, buying the device directly from the manufacturer and splitting your funds across several wallets may be just as important as the security of the blockchain itself. This isn’t a smart contract vulnerability; it’s a supply chain failure.

The practical takeaway: where you source your device is part of your threat model, not a minor detail.

Would you buy your next wallet directly from the manufacturer, or settle for any trusted reseller? 👇

#USDT #Ledger

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