Finally got my hands on @cz_binance book, Freedom of Money.
Reading through it brought back memories of a chapter that impacted so many people across the industry.
Honored to have a small piece of my own story included within its pages.
๐จ Binance hack: $2.1B in USDT and USDC frozen in 46 minutes
attackers drained more than $2B from Binance hot wallets to fresh addresses on Ethereum and TRON. The issuers moved fast:
โข 21:01 UTC โ Tether froze 971.1M USDT on the hacker's Ethereum address
โข 21:04 โ Circle froze 823M USDC on the same address
โข 21:09 โ Tether froze 312.7M USDT on the hacker's TRON address
#Binance #BinanceHack #USDT #USDC #Tether
User funds are safe!
It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).
I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
@cz_binance AI will continue uncovering vulnerabilities in our existing infrastructure for some time. Still, this is an era of technological evolution we must navigate and adapt to.
@josephk89 after the ColdCard hack and some researches pointed that the hack could be related to old employees, I barely trust official sources anymore, an extra layer of security is needed these days, a seed phrase is not enough anymore
Honestly I don't get the idea of trusting a reseller when it comes to hardware wallets, and I don't even get the idea of people buying a hardware wallet not from the official website, the only guarantee you get is a " Trust bro, its safe!"
72 hour update on reseller CryptoBilis incident ๐ฝ
As the investigation continues, we are working with relevant authorities. The volume of impacted devices is limited. We know this is concerning, especially for those directly affected, and we are reaching out to impacted users.
To date, all confirmed cases related to the disclosed draining incident of Oct 9th, 2026, involve devices sold through the Southeast Asia reseller CryptoBilis. Our systems and direct sales channels remain unaffected.
We take the CryptoBilis situation seriously and are actively investigating.
We encourage impacted users to reach out to Ledger Support through official channels and file complaints with their local law enforcement authorities. As a reminder, CryptoBilis has confirmed having ceased all sales of hardware wallets.
We are reminding our authorized resellers and distributors to source products only through authorized channels and never to restock returned products.
Also, we strongly advise users not to purchase from unauthorized resellers, where the risk of buying suspicious, counterfeit or modified devices is important as nothing operates under ledger security guidelines.
Security isnโt static and this incident underscores why we continuously review and strengthen our distribution and anti-tamper processes.
We are continuously improving that work now and events like this strengthen our resolution: reviewing authorized reseller controls, advancing hardware protections, and cooperating with authorities. Thanks to @SEAL_911 for their collaborative support and all their efforts.
This is an ongoing threat that doesnโt just impact Ledger, but the whole ecosystem, and we are calling others in the space to work with us on making improvements for users.
We believe in jointly working with researchers, other vendors and partners on improving industry chain-of-custody practices and anti-tamper techniques. Raising the bar on physical supply-chain integrity benefits the entire ecosystem. If you have relevant information, contact [email protected].
For CryptoBilis buyers: do not initialize unused devices. If already set up, move to a new seed on a device from Ledger. If you have concerns that your device was impacted by the CryptoBilis incident, please contact Ledger Support through the official site: https://t.co/JUcWwJO9iF.
Ledger Support is available 24/7 to answer your questions and concerns.
Scammers often try to take advantage of incidents like this. Rely only on official Ledger channels. Ledger will never call you, DM you, or ask for your 24-word recovery phrase.