Circle · Donald Trump · Tether · Ethereum · Bitcoin · CryptoSlate
Trump’s crypto firm joins Tether, Circle, and Ripple in $2.6 billion stablecoin freeze as Binance hack outflows near $6 billion
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Stablecoin issuers, including Tether, Circle, Ripple, and World Liberty Financial, have frozen more than $2.6 billion in digital assets linked to a suspected Binance security breach involving nearly $6 billion.
Key facts
- Before Tether intervened, the suspected attacker also deposited $60 million in USDT into Aave and borrowed about 19,800 ETH, valued at $45 million
- Other stablecoin issuers joined the effort, with Ripple reportedly freezing approximately $200 million and Donald Trump-linked World Liberty Financial restricting $27 million in USD1
- Another Binance hot wallet transferred 28,000 ETH to the same destination, while 18,270 BTC and 613 million USDT on Tron moved to new addresses around the same time
- On Oct. 29, Tether CEO Paolo Ardoino said the company had frozen more than $ 1.567 billion in USDT linked to the suspected incident
Summary
01 Stablecoin issuers have frozen over $2.6 billion as Binance investigated a suspected hack involving $5.8 billion in cryptocurrency transfers. 02 Researchers traced suspicious transactions across Ethereum, Bitcoin and Tron blockchain networks. 03 About $850 million in ETH was reportedly still moving between wallets, raising questions about how much of the suspected stolen assets can be recovered. On Oct. 29, Tether CEO Paolo Ardoino said the company had frozen more than $ 1.567 billion in USDT linked to the suspected incident.