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.
Odaily News: Bitcoin News posted on X platform that Strike has launched the Stacks Bitcoin savings envelope system, allowing users to divide their holdings into up to 5 custom-named buckets, each of which supports fee-free recurring buys. Transfers between Stacks and the main balance are fee-free and unlimited in number, but funds must first be transferred back to the main balance before withdrawal. On the same day, Strike added 3.6% interest on USD cash balances, with interest paid in Bitcoin, and the relevant assets are still held in Strike's multisig cold storage.
Odaily reports that Bitcoin News posted on X platform stating that corporate records for Malaysian hardware wallet distributor CryptoBilis show that, as of August 3, an individual named Jiaming, with a registered address in Heilongjiang Province, China, holds 100% of the company's shares. The company's former co-founder confirmed that CryptoBilis completed its acquisition in March, with the original owner withdrawing from all operational, managerial, and administrative roles. The founder has been unable to learn about the company's operations since the handover but still assists with event coordination. This information emerged during an investigation into a suspected supply chain attack on Ledger hardware wallets, where affected devices were implanted with hidden components that could steal seed phrases; there is currently no conclusive evidence linking the change in CryptoBilis ownership to the compromised wallets.
Odaily News: Starknet, the Ethereum scaling network built by StarkWare, has stated that it is actively considering transitioning into an independent Layer 1 (L1) network and has set 2027 as its target for becoming the first fully quantum-resistant network. STRK was trading at approximately $0.073 on Friday, up about 20% in 24 hours and more than double its price of around $0.03 in April.
StarkWare CEO Eli Ben-Sasson said that after becoming an L1, Starknet would be able to control security upgrades on its own without waiting for Ethereum to advance related work. As a Layer 2 (L2) network, Starknet currently relies on Ethereum for security; after transitioning to an L1, it will validate and secure transactions itself.
Eli Ben-Sasson pointed out that quantum computers may in the future break the elliptic curve cryptography used by Bitcoin and Ethereum, and that AI's development in mathematics also poses another risk. Ethereum's roadmap is expected to complete core quantum-resistant infrastructure around 2029, while Starknet plans to move that up to 2027; currently, no quantum computer is capable of breaking these systems. (Decrypt)
Odaily News: Brian Armstrong posted on X that Coinbase's new AI development tool has been used to develop and deploy a feature to production. Coinbase Advanced now supports keyboard shortcuts, and active traders can press "?" to view the list of shortcuts.
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 reports, according to OKX market data, MAGIC has broken through 0.1 USDT, currently trading at 0.10019 USDT, with a 24H gain of 60.07%.
Odaily News — According to monitoring by Bitcoin News, former Mt. Gox CEO Mark Karpelès may have inadvertently triggered a coordinated transfer of funds across multiple wallets after publicly disclosing physical tampering with Ledger devices equipped with hidden surveillance implants. On October 8, Karpelès warned that counterfeit or tampered Ledger devices with hidden SIM cards were being sold on the market, and these SIM cards were capable of transmitting stolen seed phrases. The implants were reportedly able to intercept data sent to the device screen, thereby capturing the recovery phrases displayed to users during wallet setup. Such devices could allegedly still pass Ledger's official genuine product verification, because the original secure element remained intact and the verification process was unable to detect unauthorized physical modifications. One emerging speculation is that attackers collected seed phrases from affected devices and waited to simultaneously transfer funds from multiple wallets. Karpelès's warning reportedly received approximately 90,000 views, which may have made the attackers aware that their operation had been exposed and prompted them to move the stolen funds. Karpelès stated that one affected Ledger device he examined came from Malaysia, was packaged in intact shrink wrap, and had an implant hidden beneath the screen. The suspected attack path is currently a compromised hardware supply chain rather than a vulnerability in cryptographic algorithms. The connection between Karpelès's warning and the subsequent wallet fund transfers has not yet been confirmed, nor has it been verified whether the same batch of implants was responsible. If the relevant circumstances are confirmed, the incident would demonstrate that even if a device is certified by the manufacturer, compromised hardware can still undermine users' self-custody security.
According to Lookonchain monitoring, an address bought 80 BTC for approximately $5.2 million 4 months ago at a purchase price of about $65,000 per coin, and at one point had a profit of $1.38 million. A week ago, the address purchased a Ledger device from reseller CryptoBillis and deposited all 80 BTC into the device. All assets have now been lost.
Odaily News: U.S. President Trump stated that 28 million barrels of oil were shipped out of the Strait of Hormuz yesterday, and a major announcement on diesel is coming soon. Trump reiterated that energy prices will decline after the Iran war ends.
According to Lookonchain monitoring, some users who purchased Ledger hardware wallets have had their funds stolen, with all affected devices purchased from reseller CryptoBillis, and reported total losses approaching $90 million. Among them, a user with an address labeled TY24Ya purchased the device three weeks ago and deposited 7 million USDT into it, but approximately 10 hours ago the entire amount was stolen, potentially the largest single loss in this incident.
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: Nasdaq-listed company BTQ Technologies has announced a strategic partnership with MoonPay Korea to provide post-quantum cryptography (PQC) security solutions for its Korean won-backed stablecoin infrastructure. The two parties will jointly develop a quantum migration roadmap and conduct a proof of concept for BTQ's Quantum-Safe Stablecoin Network (QSSN) with Korean banking institutions, exploring quantum-resistant security mechanisms covering stablecoin issuance, distribution, wallets, and settlement processes. MoonPay Korea is building infrastructure to connect the Korean stablecoin market with MoonPay's global network, which covers approximately 180 countries and regions, with over 35 million customers and more than 1,500 enterprise clients.
According to MistTrack monitoring, Odaily reports that Tether has frozen a large amount of USDT on addresses related to the Ledger user fund theft incident. The losses from this incident have approached $90 million, and some affected users have contacted MistTrack for assistance, with the team currently following up. Previously, Ledger stated it was investigating the theft of user funds related to Southeast Asian distributor CryptoBillis.
Odaily News: Nasdaq-listed company TruGolf Holdings has announced the completion of its acquisition of Canadian asset tokenization firm Polymath Research Inc. Polymath Research Inc. focuses on institutional-grade asset tokenization and is responsible for developing Polymesh, a Layer 1 blockchain designed for regulated assets. Following the completion of the acquisition, Polymath Research Inc. will operate as a wholly-owned subsidiary of TruGolf Holdings. TruGolf Holdings will continue its existing businesses, including golf simulators and the E6 platform, forming two business lines: golf technology and blockchain infrastructure. As of December 31, 2025, Polymath Research Inc. had issued over $132 million in tokenized assets for more than 65 active issuers and had over 50 ecosystem partners. The two parties plan to launch equipment leasing tokenization and franchise fractional ownership projects in the first quarter of 2027. In addition, TruGolf Holdings received approximately $2.95 million in net proceeds from the exercise of Series B preferred stock warrants related to this transaction.
Odaily: U.S. Senator Cynthia Lummis posted on X that Democrats previously demanded a prohibition on chief compliance officers holding conflicting roles at affiliated crypto entities, and the relevant content was written into the CLARITY Act, but Democrats have now said it is "not needed."
