Tether Froze $1.5B From the Binance Hack (Oct 30, 2026)
About $3.3B left Binance's hot wallets on Oct 29, 2026 – mostly stablecoins. Tether froze over 1.567B USDT and Circle froze USDC.
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Quick overview
- About $3.3B left Binance's hot wallets on October 29, 2026, including 1.6B USDT and 780M USDC.
- Tether froze over 1.567B USDT and Circle froze USDC, about $1.79B combined, by reports.
- Good news for Binance, but issuers can freeze dollar stablecoins in any wallet. BTC and ETH can't be.
- 1.567B USDT frozen by Tether
- $3.3B Left Binance's hot wallets
- ~$1.79B Tether and Circle combined, reported
What happened
About $3.3 billion left Binance's hot wallets on October 29, 2026, mostly in stablecoins, including 1.6 billion USDT and 780 million USDC. Tether froze more than 1.567 billion USDT, and Circle froze USDC. The combined amount was reported at about $1.79 billion.
Why it matters
Stablecoins have an off switch, and Tether and Circle used it. That is good news for Binance, but the dollar coins in your own wallet can be frozen the same way. Bitcoin and ETH can't.
Watch the 30-second short to see the off switch built into stablecoins.
FAQ
Can Tether freeze USDT in my wallet?
Yes. Dollar stablecoins can be frozen by their issuer in any wallet, as Tether did after the Binance hack. Bitcoin and ETH can't be.
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Topics: tether freeze, usdt frozen, binance hack, stablecoin, circle usdc, crypto news, proof of data