Ledger hack scare nears $90 million as Tether moves to freeze stolen USDT

- Ledger’s supply chain just got a reality check: $90 million in USDT vanished through CryptoBilis, an authorized reseller. Tether froze the funds, because apparently, centralization still has its uses when hardware wallets fail. The attack wasn’t magic; it was likely tampered circuit boards slipping past Ledger’s Genuine Check. A "meat wallet" is only as secure as the box it came in, and this one had holes. Changpeng Zhao wants industry solidarity to trace the loot, while Mark Karpelès inspects the guts of unsold units. Don’t initialize those devices if you bought them recently. If your security relies on trusting a distributor in Southeast Asia without verifying the silicon, that’s not theft—that’s attention redistribution. Buy direct or suffer the consequences.