BREAKING
Oct 12Coldcard's Own X Account Told Users to Move Their Bitcoin. Coldcard Can't Find a Single Login●Oct 11For 11 Years, a Few Hundred XRP Could Have Printed XRP Past the 100 Billion Cap. Ripple's Engineers Patched It Without Telling Anyone Why●Oct 10Ledger Just Told Buyers Not to Set Up the Wallet They Paid For. Analysts Say $86M Is Already Gone●Oct 9Cantor Fitzgerald's Tether Stake Went From $600M to $10B. Now a Senator Wants to See the Receipts●Oct 7OKX Pleaded Guilty to Running an Illegal Money Business in the US. Now Circle, Ripple and Standard Chartered Are Buying In●Oct 6Treasury Wanted a Token Swap or a Fresh Wallet Address Counted as 'Mixing.' It Just Dropped the Rule●Oct 5Someone Just Drained $6 Million From a Vault on Base. Nobody Will Say Whose Vault It Was●Oct 4Blast Pulled In $2 Billion Before It Even Had a Chain. Now It's Switching the Chain Off Because It Can't Cover the Bills●Oct 3Someone Stole Less Than $1,000 From MetaMask's Validators. MetaMask Is Pulling $1.4 Billion of ETH Out of Staking Because of It●Oct 2The SEC Just Told Fund Managers They Can Hold Your Crypto Keys Themselves. The Catch: Every Quarter They Have to Write Down That Nobody Else Will●Oct 12Coldcard's Own X Account Told Users to Move Their Bitcoin. Coldcard Can't Find a Single Login●Oct 11For 11 Years, a Few Hundred XRP Could Have Printed XRP Past the 100 Billion Cap. Ripple's Engineers Patched It Without Telling Anyone Why●Oct 10Ledger Just Told Buyers Not to Set Up the Wallet They Paid For. Analysts Say $86M Is Already Gone●Oct 9Cantor Fitzgerald's Tether Stake Went From $600M to $10B. Now a Senator Wants to See the Receipts●Oct 7OKX Pleaded Guilty to Running an Illegal Money Business in the US. Now Circle, Ripple and Standard Chartered Are Buying In●Oct 6Treasury Wanted a Token Swap or a Fresh Wallet Address Counted as 'Mixing.' It Just Dropped the Rule●Oct 5Someone Just Drained $6 Million From a Vault on Base. Nobody Will Say Whose Vault It Was●Oct 4Blast Pulled In $2 Billion Before It Even Had a Chain. Now It's Switching the Chain Off Because It Can't Cover the Bills●Oct 3Someone Stole Less Than $1,000 From MetaMask's Validators. MetaMask Is Pulling $1.4 Billion of ETH Out of Staking Because of It●Oct 2The SEC Just Told Fund Managers They Can Hold Your Crypto Keys Themselves. The Catch: Every Quarter They Have to Write Down That Nobody Else Will●
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The Weekly Grind (Oct 6–Oct 12): $86M Vanished and a $10B Tether Probe

The Weekly Grind (Oct 6–Oct 12): $86M Vanished and a $10B Tether Probe

October 12, 2026 · 2 min read · 281 words

Opening Paragraph

This week in crypto was a whirlwind of scams, probes, and high-stakes investments. From a wallet drain scandal hitting Southeast Asia to a senator’s deep dive into a $10 billion Tether stake, the stakes are high and the implications are vast for crypto workers and investors alike.

The Big Stories

  • Coldcard’s Twitter Phishing Scare: Coldcard’s X account spooked users with a phishing alert. Despite using offline 2FA since 2017, they found no login record for the post. Read more.
  • Ledger’s $86M Wallet Drain: Ledger halted sales via reseller CryptoBilis, following a massive wallet drain exceeding $86 million. Buyers are urged to avoid setting up their purchased devices. Read more.
  • Cantor Fitzgerald’s Tether Probe: Senator Blumenthal demands transparency on Cantor’s Tether stake, which ballooned from $600M to $10B. Cantor has until October 23 to respond. Read more.
  • OKX’s $25B Investment Despite Legal Woes: OKX admitted to operating illegally in the US but still saw investments from Circle and others at a $25 billion valuation. Read more.

By the Numbers

  • $86M: Total funds drained from Ledger wallets via CryptoBilis.
  • $10B: Current value of Cantor Fitzgerald’s Tether stake.
  • $504M: Fine paid by OKX for unlicensed operations in the US.
  • $300K: Top salary for Crypto Compliance Officers in 2026.
  • $250M: Alleged earnings of Commerce Secretary Howard Lutnick during the Tether stake rise.

What This Means for Crypto Jobs

Security roles are in the spotlight as phishing and wallet drain incidents highlight vulnerabilities. Demand for compliance officers is high, with salaries soaring up to $300K by 2026. Meanwhile, investment interest in crypto platforms like OKX suggests robust opportunities in development and financial services, even amidst legal troubles.

Find your next crypto role at cryptogrind.com.

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Coldcard's Own X Account Told Users to Move Their Bitcoin. Coldcard Can't Find a Single Login

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