Stolen Ledger Funds Convert 2M USDT to USDD, Skirting Tether Freeze

The significance here is structural rather than financial: the theft's proceeds are being laundered through a stablecoin whose issuer lacks the freeze apparatus Tether has repeatedly used, turning issuer policy into the effective perimeter of recovery. That shifts the burden onto USDD's issuer and the venues that accept it, since blacklisting is discretionary and uneven across stablecoins. Whether USDD addresses tied to the cluster are eventually frozen, and whether the stability module becomes a recurring exit route for tainted funds, is the open question worth tracking.