NBC · 2026-10-29 22:46 UTC

Fears of Binance hack prompt Tether, Circle to freeze over $1.5 billion in funds

Binance is investigating a potential security issue after large transfers caught traders' attention; the exchange says all customer funds are safe. Tether froze $1.567 billion and Circle froze $800 million in stablecoins related to the potential Binance hack, coordinating with law enforcement. Binance founder Changpeng Zhao said it appears to be a hack and expects all user funds to be fully covered.

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