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Tether freezes USDT tied to Binance hack
Tether froze over $1.567B USDT related to a potential Binance hack, saying protecting the industry and partners is its top priority.
Key points
- @cz_binance said user funds are safe and that it does look like a hack on Binance, thanking Tether (~$971m) and Circle (~$823m) for the quick freeze.
- @WatcherGuru reported Binance was hacked with over $5.6 billion stolen, listing $1.45 billion $BTC, $875 million $ETH, $234 million $TRX, $50 million $XAUT, $1.57 billion $USDT, $823 million $USDC, $75 million $WBETH, $88.5 million $RLUSD and $447.5 million additional cryptocurrencies.
- @paoloardoino said Tether froze more than 1.567B USDT related to a potential Binance exchange hack.
- @binance said its teams are aware of reports of a potential security issue and are actively investigating, and that user funds are completely safe.
Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI
Original post
What others are saying
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Tree News @TreeNewsFeed 2,130
Tether froze $971M USDT in a likely Binance hack, with no update from Binance yet.
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Tether froze $971M USDT tied to a suspected Binance hack; no official Binance statement yet.
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Tether froze $971M USDT tied to a suspected Binance hack after $2.8B flowed out across five chains; Binance hasn't commented.
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Watcher.Guru says Tether has frozen $1.5 billion in USDT linked to the suspected Binance hack.
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Top replies on X
Reaction on X: Replies are largely joking and skeptical, with the top comments mocking the safety claim and singling out the phrase "as a shareholder." No key information was added and the original poster did not reply.
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From @rektober, @miragemunny, @taurus_0908 and others. Spam removed, with English and Chinese translations.
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