Suspected Ledger wallet thefts near $90 million under investigation as buyers from reseller CryptoBilis report losses
Ledger paused sales through authorized reseller CryptoBilis after investigators put suspected losses among its customers near $90 million. How the wallets were breached is still unknown. Ledger's fix is a new device with a fresh recovery phrase, which puts the suspicion on the sales channel.
Reality
- Evidence40
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence35
Suspect in Ledger reseller breach routes $1.34 million through Tornado Cash and Binance
Onchain Lens traced 430.2 ETH, about $1.07 million, from a suspect in the Ledger CryptoBilis reseller breach into Tornado Cash, plus $270,280 into Binance. The flows are under 2% of the $70.6 million TokenPost valued in the suspect's wallets, so most of what the suspect holds has not been traced to a mixer or exchange as Ledger investigates.
Reality
- Evidence45
- Adoption
- Not scored
- Hype gap+10
- Incentives
- Not scored
- Confidence40
Polkadot launched dotUSD, a stablecoin it says has no issuing company, minted one-for-one against Tether's USDT. Each token rests on reserves Tether can freeze until a DOT-backed second phase arrives, and Cryptopolitan reported that phase has no launch date.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+45
- Incentives50
- Confidence60
ZachXBT says he fronted $349.7K in USDC to pose as a client of the Chinese syndicate laundering North Korea's Bybit haul. The only recovery on record, a 442K USDT freeze by Tether, covers at most 3.7% of the $12M+ cluster he says the sting exposed.
Perspective Coverage
8 publishers
- Builder
- Builder 15%
- Operator
- Operator 54%
- Investor
- Investor 31%
Reality
- Evidence50
- Adoption
- Not scored
- Hype gap+35
- Incentives40
- Confidence55
Bitget now puts its September breach at $387.5 million, and AMLBot estimates $343 million of it sat untouched in 13 attacker wallets on Sept. 25. The phased withdrawals due from Sept. 28 are the better guide to whether customer money is safe.
Perspective Coverage
15 publishers
- Builder
- Builder 25%
- Operator
- Operator 43%
- Investor
- Investor 32%
Reality
- Evidence66
- Adoption
- Not scored
- Hype gap+20
- Incentives60
- Confidence62
The Southern District of New York filed on September 14 to take roughly $61 million in crypto from two China-based firms that used Binance trading accounts, under a standard of proof that stops at more likely than not.
Perspective Coverage
5 publishers
- Builder
- Builder 15%
- Operator
- Operator 46%
- Investor
- Investor 39%
Reality
- Evidence68
- Adoption
- Not scored
- Hype gap+20
- Incentives55
- Confidence65