USDT Frozen: We Counted What Tether and Circle Really Blocked in the Binance Hack

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Tether and Circle report freezes worth about $2.4 billion. We queried the contracts ourselves: 1.18 billion USDT and 823 million USDC are frozen on the attacker address. About 700 million USDT were already gone. How stablecoin freezes work and whether Tether can freeze your USDT too.How much USDT is really frozen in the Binance hack? Counted directly in the Tether and Circle contracts: the attacker address "Binance Hot Wallet Exploiter 2" holds 1,175.5 million USDT and 823.0 million USDC, and both balances are frozen. That is about $2.0 billion the attacker can no longer move. But about 700 million USDT had already been pushed to two new addresses, and those were empty when Tether blacklisted them. Measured on October 29 at about 22:50 UTC. What happened tonight is in our Binance hack report and our crypto crash timeline. What is really frozen in the Binance hack? Tether CEO Paolo Ardoino reports more than 1.567 billion USDT frozen, Circle CEO Jeremy Allaire more than 800 millio...