Ledger hack suspect swaps USDT for USDD after Tether freeze, still holds $70.6M
- —Hacker sent 430.2 ETH (~$1.07M) to Tornado Cash via four wallets
- —USDT is being swapped into USDD via SUN.io and the PSM after Tether's freeze
- —Part of the funds was moved to a Binance hot wallet
- —Attacker-linked addresses still hold ~$70.6M: 11,406 ETH, 213.37 BTC, 13.65M USDD, 10.91M USDT
Why it matters: The attacker is routing around Tether's freeze via USDD, raising fresh questions about stablecoin censorship resistance and Tether's reach.
Source: PANews