According to CZ, Tether has frozen 971M USDT and Circle has frozen 823M USDC in connection with a potential Binance exploit.
CZ says Tether has frozen 971M USDT and Circle has frozen 823M USDC tied to a potential Binance exploit. The freezes suggest large sums are being contained, but the hack itself is not confirmed. Traders should watch for stablecoin liquidity shifts and any official Binance statement.