Skip to main content
Back to news
SafetyHigh impact — Significance is rated automatically and is not a price signal.

Tether Froze $1.5 Billion After Reported Binance Hack but $729 Million Moved Out

(10 hours ago) · 1 source · Summarized by CryptoBipto

Following a reported hack of Binance, Tether reportedly froze approximately $1.5 billion in USDT within 30 minutes. However, an estimated $729 million in stolen funds was reportedly moved beyond recovery before the freeze took effect.

WHY IT MATTERS

This incident illustrates two important concepts for people new to crypto.

Read the full analysis with a CryptoBipto membership

Members read why every story matters and the full analysis behind it.

SOURCES

  • cryptoslate.com

RELATED

USDTBNBExchange SecurityStablecoin FreezingBinanceTetherCrypto Hacks