Hacking News
Stablecoin Issuers Freeze $2.6 Billion Linked to Binance Hack
Stablecoin issuers including Tether, Circle, Ripple, and World Liberty Financial have frozen over $2.6 billion in digital assets linked to a suspected Binance security breach. The breach involves nearly $6 billion in outflows, with Tether CEO Paolo Ardoino reporting the company has frozen more than $1.567 billion in USDT. Other stablecoin issuers, such as Ripple and Paxos, have also taken action to restrict the movement of potentially compromised assets. Binance has not yet confirmed the total amount potentially compromised, leaving the scale of the suspected breach unresolved.