CryptoMedium•29 October 2026•
1 min read
Tether and Circle Freeze $2.4B in Stablecoins Following Binance Hack
Key Facts
1Tether and Circle have frozen approximately $2.4 billion in crypto assets linked to the Binance hack.
2The frozen assets include 1.18 billion USDT and 823 million USDC held in attacker addresses.
Tether and Circle have frozen approximately $2.4 billion in crypto assets linked to the Binance hack. According to cryptoticker.io, the frozen assets include 1.18 billion USDT and 823 million USDC held in attacker addresses.
The action was taken to prevent the hackers from laundering or off-ramping the stolen funds following a major security breach at Binance. This move highlights the centralized control held by stablecoin issuers, which serves to mitigate systemic risks within the cryptocurrency market following significant exploits.