Karpelès Says Ledger Warnings Could Have Prevented More Than $90M

Former Mt. Gox CEO Mark Karpelès says Ledger could have prevented more than $90 million in losses by warning customers more forcefully about hardware wallet implants, a claim that highlights the difference between traced outflows and confirmed losses. A six-chain tally counted $102 million in outflows from 335 wallets through Oct. 16 at 10:40 a.m. ET (14:40 UTC). The activity covered Bitcoin, Ethereum, TRON, BNB Chain, Polygon and Solana, with assets valued at prices from the morning of Oct. 9. The tally exceeds an initial $86 million estimate because it included other chains and addresses missing from the first public lists. It also counted $10 million in Tether (USDT) frozen by Tether; a freeze does not mean the funds have been returned to users.

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