Trump’s crypto firm joins Tether, Circle, and Ripple in $2.6 billion stablecoin freeze as Binance hack outflows near $6 billion

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. On Oct. 29, Tether CEO Paolo Ardoino said the company had frozen more than $ 1.567 billion in USDT linked to the suspected incident. He… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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Decrypt: An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.

BeInCrypto: Binance has confirmed a major security incident, with more than $2 billion drained across wallets. Circle and Tether have reacted quickly to freeze the majority of the funds. The concern centers on an Ethereum address that appeared to hold more than $2.3 billion in tokens. Etherscan screenshots reviewed by BeInCrypto show it received 28,005.6 ETH from a Binance-labelled wallet, then sent 195,460 ETH, worth roughly $440 million, to another address.

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