Ledger Halts Reseller Sales as $86M Wallet-Drain Claims Probed
Ledger asked Southeast Asian reseller CryptoBilis to stop selling its hardware wallets while it investigates unconfirmed reports of losses above $86 million.
THORWallet has added native Monero support, allowing users to send, receive, and manage XMR accounts, with cross-chain swaps pending.
The THORWallet app now provides access to the Monero network, with basic functions such as sending and receiving XMR.
The integration extends beyond simple wallet capabilities. From a single wallet seed, users can create and manage multiple Monero accounts, offering greater flexibility in managing network activity.
THORWallet also lets users configure their own Monero node. Those who prefer a specific node can set it up directly in the wallet, ensuring Monero activity is routed through it. For others, a default node is provided for communication with the Monero blockchain. The wallet runs a lightweight implementation: keys, balances and transaction history are computed and stored on the device and never leave it.
The next major phase of the integration is native cross-chain swapping.
Monero support on THORChain is currently undergoing testing and auditing. Once it goes live, THORWallet's Monero integration will be production-ready for native XMR cross-chain swaps directly in the app.
This will enable users to swap between Monero and assets such as Bitcoin, Ethereum and others without relying on centralized exchanges or custodial intermediaries.
For example, a user can swap XMR to BTC, or BTC to XMR, stablecoins, SOL, ZEC and more through decentralized cross-chain infrastructure while retaining control of their assets throughout the process.
With the Monero integration now in progress and cross-chain swaps approaching production, THORWallet moves another step closer to its goal of being a one-stop shop for DeFi.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Ledger asked Southeast Asian reseller CryptoBilis to stop selling its hardware wallets while it investigates unconfirmed reports of losses above $86 million.
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