Former Mt.Gox CEO claims to have discovered Ledger hardware wallets implanted with spy modules, which can send mnemonic phrase information via LTE.

According to Onchain Lens monitoring, the suspected hackers linked to the recent crypto heist involving Ledger reseller CryptoBillis — with the stolen amount reportedly nearly $90 million — have transferred 430.2 ETH, valued at around $1.07 million, to Tornado Cash via four wallets. After Tether froze some of the related funds, the suspects reportedly began converting USDT to USDD via SUN.io and USDD’s Peg Stability Module (PSM), while another portion of the funds flowed into Binance’s hot wallet. The suspected wallets flagged by Onchain Lens currently hold approximately $70.6 million in assets, including 11,406 ETH (worth ~$28.35 million), 213.371 BTC (~$17.65 million), 13.646 million USDD (~$13.65 million), and 10.909 million USDT (~$10.91 million). As on-chain funds continue to move, the above tracking data and suspect associations remain to be further verified.

According to HTX market data, MAGIC has surged over 60% in the past 24 hours, currently trading at $0.0992, with its market cap rising to $33 million.

According to Lookonchain’s monitoring, a user purchased 80 BTC for approximately $65,000 around four months ago, with a total investment of about $5.2 million. The user once recorded an unrealized profit of roughly $1.38 million. However, the user bought a Ledger hardware wallet from third-party dealer CryptoBillis a week ago and transferred all 80 BTC into it, only to have the entire funds stolen now. This incident is linked to recent fund thefts involving multiple CryptoBillis clients, though whether the devices were tampered with, the specific attack method, and the attacker’s identity remain unconfirmed.

Poor guy! 4 months ago, he bought 80 $BTC ($5.2M) at a low price of ~$65,000 and was sitting on a $1.38M profit. But a week ago, he bought a Ledger device from reseller CryptoBillis and deposited all 80 $BTC into it. Now he's lost everything.

Multiple users who purchased Ledger hardware wallets from dealer CryptoBillis have suffered fund theft, with total losses approaching $90 million. According to monitoring by on-chain analytics firm Lookonchain, a user with address TY24Ya bought a Ledger device from CryptoBillis three weeks ago, deposited 7 million USDT into it, and roughly 10 hours ago, the entire sum was stolen—marking one of the largest individual losses in this incident. To date, whether the devices were tampered with, the specific technical root cause of the theft, and the attacker’s identity remain unconfirmed. The public is advised to exercise vigilance and approach hardware wallets from unvetted sources and third-party distribution channels with caution.

Nasdaq-listed BTQ Technologies announced a strategic partnership with MoonPay Korea to provide post-quantum cryptography (PQC) security solutions for its KRW-supported stablecoin infrastructure. The two parties will jointly develop a quantum migration roadmap and conduct a proof-of-concept (PoC) for BTQ’s Quantum-Secured Stablecoin Network (QSSN) with South Korean banking institutions, exploring quantum-resistant security mechanisms covering stablecoin issuance, distribution, wallets, and settlement. MoonPay Korea is building infrastructure connecting South Korea’s emerging stablecoin market to MoonPay’s global network, which spans approximately 180 countries and regions, boasts over 35 million individual customers, and counts more than 1,500 enterprise clients. The partnership also extends BTQ’s existing collaborations with South Korean financial institutions, as well as its prior commercial agreements with LINE NEXT and the Kaia DLT Foundation—an initiative aimed at deploying QSSN to the Kaia ecosystem.