Binance Security Breach: Tether and Circle Freeze $1.8B in USDT and USDC
Photo: Crypto Economy
TL;DR: Tether blocked approximately $971 million in USDT at addresses flagged by on-chain monitors. Circle executed the freezing of $823 million in USDC linked to the same fund flow. Nearly $700 million in USDT was converted to ETH prior to the issuers’ intervention. In a coordinated action during the night of Thursday, October 29, Tether ... Read more
Source: Crypto Economy
