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Trump Crypto Firm Joins Tether, Circle, and Ripple in $2.6 Billion Stablecoin Freeze After Binance Hack

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

A crypto firm associated with Donald Trump has reportedly joined Tether, Circle, and Ripple in freezing approximately $2.6 billion in stablecoins in response to a major Binance hack. Outflows from the hack are reported to be approaching $6 billion. Multiple stablecoin issuers appear to have coordinated to freeze funds linked to the stolen assets.

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SOURCES

  • cryptoslate.com

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USDTUSDCXRPBNBExchange HacksStablecoinsBinanceAsset FreezingCrypto Security