Hackers behind the Ledger theft have begun converting stolen funds into USDD, a stablecoin that allows for more flexibility than Tether. According to Tron records, a $2 million conversion was made through USDD's stability module. This move comes despite Tether's efforts to freeze $10 million worth of funds related to the wider theft cluster, as estimated by Bitquery.
Source
"Thieves Move Funds to USDD Despite Tether Freeze" — The Defiant
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Defiant. Read the full original report at the link above.
USDT · 7D · $0.999−0.0%