Hacking News
Tether Freezes $1.5B in Stolen USDT
Tether, the world's largest stablecoin issuer, froze over $1.5 billion in stolen USDT within 30 minutes of a Binance hack on October 29. Bitquery found that about $729 million of the frozen funds escaped the freezes, much of it converted into other cryptocurrencies such as Ethereum and TRON. Tether CEO Paolo Ardoino stated that the intervention prevented the stolen assets from being transferred or laundered by attackers linked to North Korea.