Bitquery: $10M Frozen in Wallet Linked to CryptoBilis Drains

The freeze matters less as recovery than as evidence: tracing across six chains is now fast enough to catch funds before they fully disperse, which shifts the practical calculus for whoever moves stolen assets next. Ledger's silence on repayment keeps the burden squarely on affected buyers, and that gap between technical response and user compensation is where the reputational cost of this incident will actually accumulate. Whether the frozen balance translates into any distribution, and whether hardware-wallet makers treat buyer losses as their problem at all, are the open questions.