Tether freezes Binance hack funds, immobilizing over $1.5B in 30 minutes
Tether says it froze more than $1.5 billion in USD₮ tied to the Binance hack within 30 minutes of the October 29 attack, keeping the funds from North Korean hands, which the FBI blames for the theft. Binance puts the breach's impact at about $6.3 billion in client assets. Traders should note the scale of the hack and Tether's fast freeze capability, which has reshaped how quickly stolen stablecoin funds can be neutralized.
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