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Circle freezes USDC tied to Binance hack

Circle froze over $800M USDC tied to the potential Binance exploit and is supporting law enforcement's investigation.

First on the board Oct 30, 05:28 · How the board is ranked

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Key points

Tether froze $971 million in USDT linked to a suspected Binance hack.
Circle froze $823 million in USDC linked to the suspected Binance hack.
Binance wallets saw a $2.8 billion outflow across five blockchains minutes before the Tether freeze.
Binance has not issued an official statement or update on the suspected hack.

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Original post

Jeremy Allaire @jerallaire 201.2K followersOct 30, 05:18

Circle is closely tracking reports of a potential exploit involving Binance. In coordination with law enforcement, we have frozen more than 800M USDC associated with the incident and will continue supporting the investigation.

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Watcher.Guru @WatcherGuru Oct 30, 05:132,579

Circle froze $823M USDC linked to a suspected Binance hack.
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Reaction on X: Most replies are jokes, including a quip about CZ and one comparing stablecoin freezes to parental controls or slow bank refunds; some express shock that the hack is real, and one reply calls the freeze a good proactive move. No response from the original poster.

From @badger69420, @rektober, @Fityeth and others. Spam removed, with English and Chinese translations.

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