Tether and Circle Freeze $2.3 Billion After Binance Hack

Stablecoin issuers Tether and Circle, in collaboration with law enforcement agencies, have frozen over $2.3 billion in stolen funds following the Binance hack.

The frozen assets include approximately $1.567 billion in USDT and over $800 million in USDC. This initiative aims to protect the crypto industry and the company's partners.

Additional funds were blocked as part of the ongoing investigation into the security incident.

• Tether CEO confirmed the blocking of $1.567 billion in USDT
• Circle CEO announced the freezing of over $800 million in USDC
• Tether additionally blocked another $200 million in USDT

The transaction for blocking funds is available for verification on the Ethereum blockchain.