News linked to both this project and an event.
Trader Killa posted that despite the market facing multiple bearish factors—including the Fed's hawkish decision, rising oil prices, hotter-than-expected CPI data, surging global bond yields, a stronger dollar, the Ledger wallet hack, and market concerns over Strategy (MSTR)'s delisting risk and its pivot to AI—Bitcoin has still maintained range-bound trading. Given the current macroeconomic pressures and negative news, Bitcoin should have fallen below $70,000, but its resilience is noteworthy. The market may be gradually forming a significant interim bottom, and its ability to hold the price range amid bearish shocks indicates that it is absorbing negative news, which is also a typical characteristic of a bull market.
Odaily reports: Franklin Templeton on Thursday issued approximately $150 million worth of tokenized money market fund shares on the XRP Ledger, bringing the related shares on that network to nearly 193 million. At $1.039 per share as recorded in transaction records, the related shares are worth approximately $200 million in total. The new shares were issued through two subscription transactions of $75 million each, both transferred to the same wallet, which as a result holds all of the fund's shares on the XRP Ledger. On-chain records show that this wallet shares the same 8 authorized signer addresses as Franklin Templeton's issuance account, with any two addresses able to jointly approve transactions. It is currently unclear whether the wallet represents a single investor or is held by a custodian on behalf of multiple clients' assets; the identity of the relevant investors and the source of funds have not been disclosed. These tokens correspond to shares of Franklin Templeton's Singapore-registered OnChain U.S. Dollar Short-Term Money Market Fund. The fund primarily invests in short-term U.S. dollar debt and money market instruments, with returns reflected in the share price. The fund's tokenized assets on the XRP Ledger rank second in size only to Ripple's RLUSD stablecoin. Holding the related tokens requires approval from the issuer, and the issuer also retains the authority to freeze balances and claw back tokens.
According to Onchain Lens monitoring, following the Railway security breach, a suspected attacker wallet has transferred at least $369,300 to HitBTC and other addresses. The wallet had also previously received funds from an address associated with CryptoBillis Ledger Drainer, though its connection to the Railway security breach has not yet been confirmed.
Odaily Report: According to on-chain detective Specter's monitoring, after ZachXBT disclosed that the Bitget attacker used Zcash (ZEC) to obscure stolen funds, other stolen funds have also begun flowing into ZEC, including funds from the Cryptobills Ledger incident and the $12 million Triple-A hack. Threat actors are using ZEC to move stolen funds.
According to CoinDesk, blockchain analytics firm Chainalysis disclosed on Thursday on X that a cryptocurrency scammer who profited from a "task scam" (luring victims with paid review boosting or order brushing, then demanding account top-ups under the guise of a "negative balance") transferred the illicit proceeds to three Ledger hardware wallet addresses. These addresses were subsequently drained by attackers, resulting in a total loss of 60 BTC valued at over $4.9 million, making it one of the biggest victims in this Ledger device intrusion incident.
— In the theft incident involving crypto hardware wallet manufacturer Ledger, one of the biggest victims was also a scammer, who lost over 60 BTC worth approximately $4.8 million. The funds in question came from a task scam: participants were hired to fake sales and reviews for real products. A "negative balance" then appeared, and participants were told they had to put in their own funds in order to get paid. On September 22, the operator behind the scam transferred the proceeds to 3 separate Ledger addresses. On October 9, thieves emptied these 3 addresses, each transferring funds to the same wallet via a single transaction. The receiving wallet has been reported as being involved with stolen funds.
Odaily News: According to Bitcoin News monitoring, Bitcoin News released a podcast in which former Mt. Gox CEO Mark Karpelès and Foundation CEO Zach Herbert discussed the largest supply chain attack in crypto industry history. Mark Karpelès stated that he discovered the spy implant 3 weeks before the funds were stolen and contacted Ledger, but received no response. The implant had a built-in hidden cellular modem that could directly read the seed phrase on the screen and passed Ledger's own checks; even setting a passphrase could not prevent the seed phrase from being stolen. Mark Karpelès said that with $5 million, he could create an implant that would only be detectable through X-ray. The episode also discussed the hardware wallet reseller model, the Malaysian reseller behind the attack, on-chain tracking of stolen crypto assets, the spread of the attack to Europe, why Trezor was not targeted, hardware wallet security, and multi-party computation solutions. The episode timeline shows that the amount stolen from hardware wallets reached $100 million, with $86 million transferred out within 24 hours.
According to monitoring by CryptoQuant analyst nocoffeenobrain, coins with a holding age of 1–3 years and over 3 years began showing signs of activity as early as late September, coinciding with BTC prices rising from the mid-$70,000 range to the mid-$80,000 range. Following the recent Ledger hack, which prompted numerous users to migrate assets to new signing devices and replace their seed phrases, the 7-day moving average is expected to climb further over the next few days. The analyst noted that a similar pattern occurred previously: during January to February this year, when BTC dropped from $90,000 to the mid-$60,000 range, and between July and August while BTC consolidated around the mid-$60,000 range, both of these holding age cohorts exhibited synchronized activity.
Odaily News: According to Bitcoin News monitoring, the attacker behind the Ledger supply chain theft has moved nearly 3,000 ETH through Tornado Cash in three separate transactions, and transferred the funds into the Zcash privacy pool before converting them to USDC. Investigator @YFarmX stated that despite the use of privacy tools, they have traced 108 transactions completed through Zcash by exact value matching. An estimated $2.85 million in stolen USDC is still held in 3 wallets, and Circle may be able to freeze the related funds. Meanwhile, Tether is reported to have frozen $10 million in stolen USDT; wallets associated with the attacker still hold approximately $38.6 million in ETH and $16.9 million in BTC.
According to monitoring by on-chain analyst PeckShield (@PeckShieldAlert), CryptoBillis Ledger Drainer, which previously stole over $90 million in crypto assets, transferred approximately $3.89 million in crypto assets to Binance deposit addresses via the Tron network over the past two days, including 3.685 million USDT and 615,000 TRX (approximately $204,000).
Odaily News: Crypto analyst Darkfost posted that following the security incident involving Ledger reseller CryptoBilis, other potentially related reseller names have emerged in community discussions, including some Lazada merchants.Darkfost stated that the full scope of the incident remains difficult to confirm. Although Ledger has confirmed a connection to the CryptoBilis incident, it is still unclear whether CryptoBilis is the only affected reseller. He compiled a list of potentially risky Ledger resellers, noting that due to their regional proximity, there is a possibility that their supply chains were compromised simultaneously. However, Darkfost emphasized that these assessments are speculative and have not yet been confirmed.Darkfost advised that if users have purchased Ledger devices from the relevant resellers within the past 6 months, they may consider moving their assets to other secure devices before the investigation concludes. He also noted that users can refer to a guide published by security researcher MagicalTux to check their Ledger devices for signs of tampering.
according to Lookonchain monitoring, an old wallet address had been operating securely for 8 years. After more than 4 years of dormancy, the address transferred funds to a new wallet one month ago, and subsequently CryptoBillis Ledger Drainer stole all 59 ETH from that wallet, worth $146,800.
According to on-chain analyst Onchain Lens (@OnchainLens), the hacker associated with the $90 million Ledger reseller incident has cumulatively deposited approximately $270,300 into Binance, including 256.57K USDT and 41.12K TRX (about $13,700), with the majority of funds already transferred to Binance's hot wallet. Previously, the hacker also used four wallets to deposit 430.2 ETH (approximately $1.07 million) into Tornado Cash for mixing, and converted USDT to USDD to evade Tether's fund freeze.
Odaily News: According to monitoring by Galaxy's head of research, the Bitcoin losses caused by the Ledger cryptocurrency supply chain attack currently amount to 213.42 BTC, valued at $17.7 million. Of this, 92% of the funds were transferred in less than 90 days ago, while some funds were transferred even earlier. All Bitcoin traced so far remains unspent and is held in 3 aggregation addresses.
According to Onchain Lens monitoring, the suspected hacker behind the reported $90 million Ledger reseller incident has deposited 430.2 ETH, worth $1.07 million, into Tornado Cash through 4 wallets. After Tether froze the related funds, the hacker swapped USDT for USDD through SUN.io and USDD's PSM, with some funds also flowing into Binance hot wallets.The hacker's wallet tracked by Arkham currently holds a total of $70.6 million in assets, including 11,406 ETH worth $28.35 million; 213.371 BTC worth $17.65 million; 13.646 million USDD worth $13.65 million; and 10.909 million USDT worth $10.91 million. Onchain Lens is calling on Binance to investigate these transfers and freeze accounts associated with the stolen funds as soon as possible.
Odaily News: Bitcoin fell to $80,350 on Thursday before rebounding, climbing back above $83,000 at the Friday U.S. stock market open and subsequently fluctuating around $82,500. The rolling 24-hour cryptocurrency liquidation amount had previously exceeded $1 billion. Despite news circulating that Ledger hardware wallet users' funds were stolen, the crypto market has not yet shown significant selling pressure.Analysts suggest that before the U.S. CPI data is released on October 14, Bitcoin may remain range-bound, with the main trading range between $81,300 and $86,500, and could repeatedly test $84,000. The market is also watching whether Bitcoin can hold the key level of $82,500 before the weekly close. (Cointelegraph)
Odaily News: According to on-chain detective Specter, multiple reports of Ledger user wallet thefts have appeared on X and Reddit. After tracing the theft addresses, it was found that the related addresses received inflows of funds from hundreds of victim wallets across multiple major blockchains including Ethereum, TRON, and Bitcoin, with total losses exceeding $86 million. The related addresses include: bc1qjqgwejnp8dc0x2938x9n9954hj97t82unx49dl, TK6DWNpNe1w2iJRNFpU8aHdrPTATxvXT6C, TBkcUMYC7CkTK99tkTnaStQVBastfrs9d9, TCGE3xp6YGRKXxDZiLfysgJW3f22KfMNsW, 0x69c8f401cfc6cd40ac94691d6d7c48e3b7a47841, 0x033636e45d519bebb7b5c2520ca6ce56fbdb4f7a, 0x83aeac166f6832ae3500000a24510a95a052a599, bc1qqnkwurxs99xkx5t4yffqhq3u6qwy0qpjyujtm9, bc1qgqheemzla77pesl227hdtgf5ykz62d0zvld26n, TSDWtuZ2pARUVz4v3PkL2hi3iXPjowAr5a.
According to Decrypt, Ledger announced at the TOKEN2049 conference in Singapore the launch of its self-custody lending feature, "Crypto Loan". Eligible users can borrow stablecoins USDC or USDT through their wallet application by using wrapped Bitcoin (cbBTC or wBTC) as collateral, without transferring funds to centralized lending platforms or selling the underlying assets.
Bitget CEO Gracy Chen posted a 12-hour progress report on the security incident on X, including:1. Affected assets include ETH, XRP (largest single-chain loss), BNB, AVAX, USDT, USDC, and other tokens. Affected chains include: Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC, and Base. All on-chain cold wallets have been confirmed secure and unaffected.2. All foundations of the affected chains have been contacted, and some foundations have confirmed the freezing of the hacker's wallet addresses.3. Based on IP behavioral characteristics and on-chain analysis, the attack methodology is highly consistent with known patterns of North Korean hacker groups. Relevant authorities have been notified, and full cooperation is being provided for a global investigation.4. Bitget Wallet (decentralized wallet) operates completely independently from Bitget exchange infrastructure, and this incident has no impact on it. Bitget Wallet assets are completely safe.5. Transparent disclosure regarding the platform's financial status: In addition to over $464 million in protection funds (all held in publicly verifiable wallet addresses), Bitget's own assets exceed $1 billion. User funds are covered at a 1:1 ratio, and all data can be verified on-chain.6. Regarding withdrawal recovery timing: The goal is to achieve full recovery as soon as possible. Once a specific time window is confirmed, an announcement will be made immediately. No commitment will be made to timelines that cannot be fulfilled.
According to Bitcoin.com News, Ripple’s stablecoin RLUSD reached a historical high of $2.442 billion in supply this week, up approximately 41% from $1.72 billion a month ago. Notably, the new supply has primarily flowed into Ethereum rather than the XRP Ledger. Ethereum currently holds $1.37 billion compared to the XRP Ledger’s $1.05 billion, marking a complete reversal from July when the XRP Ledger accounted for 58.9% of the total. Of the roughly $840 million in new supply added since July, Ethereum absorbed the vast majority.