Hacking News
Tether Blocks $1.5B in Binance Hack Funds
Tether, the issuer of USDT, blocked more than $1.5 billion in USDT funds linked to the October 29 Binance hack within 30 minutes of the attack. The FBI later attributed the $6.3 billion theft to North Korea’s TraderTraitor group. Tether CEO Paolo Ardoino announced that the company acted quickly to restrict the funds and limit further losses, citing the response as evidence of why criminals should avoid using USDT. Tether works with over 360 law enforcement agencies across 73 countries to investigate illicit transactions.