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Tether Freezes USDT Tied to Ledger User Thefts; Losses Near $90M

Tether has frozen USDT linked to thefts affecting Ledger users, with reported losses near $90 million, MistTrack said. Ledger has asked reseller CryptoBilis to halt device sales and shipments. The freeze targets stablecoin funds tied to the incidents.

Original source

AI take

Tether's freeze matters less as a recovery than as a precedent: the issuer can immobilize funds at a reseller-linked theft cluster, which shifts the practical question from blockchain forensics to centralized enforcement. It affects Ledger buyers and anyone relying on reseller supply chains, where device provenance is now the weak link. Whether issuers keep freezing at this scale, and whether resellers face consequences, is the open question worth watching.

Generated by AI for reference only.

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