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Ledger buyer hit by 7M USDT theft, biggest single loss in expanding CryptoBillis-linked case

AI Market Summary
Lookonchain reports an ongoing theft wave affecting users who bought Ledger wallets via distributor CryptoBillis, with total losses near $90M and a single victim losing 7M USDT. The incident elevates counterparty and supply-chain risk perceptions around hardware wallets and custody practices. Near term, it can pressure risk appetite across crypto, increase demand for safer custody workflows, and amplify scrutiny of wallet distributors.
Impact level
● Medium
Affected assets
BTC/USDT+0.91%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Blockchain tracker Lookonchain reports that multiple buyers of Ledger hardware wallets sold via distributor CryptoBillis have seen their funds stolen, with aggregate losses approaching $90 million. One victim, address TY24Ya, bought a Ledger device from CryptoBillis three weeks ago and deposited 7 million USDT. The entire 7 million USDT was drained about 10 hours ago, which may be the largest single loss among the affected users.
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