First Digital Freezes $3.4M FDUSD Linked to Binance Security Incident
First Digital has confirmed freezing 3.4 million FDUSD tokens connected to a recent Binance security breach.
First Digital has confirmed freezing 3.4 million FDUSD tokens connected to a recent Binance security breach. First Digital USD (FDUSD) is trading at ₹94.81 ($0.9975). This is an original Token Times brief based on reporting by Live Bitcoin News, with live market data added, as of Sun, 01 Nov 2026 12:30:01 UTC.
The freeze demonstrates stablecoin issuers' proactive role in security incidents and their ability to act swiftly to prevent stolen funds from circulating further. This incident also highlights the interconnectedness between exchanges and stablecoin ecosystems.
- First Digital froze 3.4 million FDUSD tokens related to the Binance security breach.
- The stablecoin issuer is coordinating with Binance to contain the incident.
- FDUSD market cap remains stable at $299.75M despite the freeze.
- Coinbase Addresses Data Exposure Incident Linked to Amplitude Security Breach
- Binance Confirms Security Incident as Billions Exit Hot Wallets
- Ethena Confirms USDe Collateral Safety Amid Binance Security Incident
- First Digital Freezes $3.4M FDUSD Linked to Binance Security Incident — this brief
- Ethena's ENA Token Drops 16% Amid Binance Security Incident
- Binance Resumes Solana Token Withdrawals After Security Incident
First Digital, the issuer of the FDUSD stablecoin, has confirmed freezing 3.4 million tokens in response to a recent security breach on the Binance exchange. The company's CEO, Vincent Chok, stated that the decision was made to prevent the stolen funds from being moved or used further.
On-chain data indicates that First Digital has blacklisted the address associated with the attacker, which held the 3.4 million FDUSD tokens. The company is reportedly working closely with Binance to coordinate their response and ensure the security of the stablecoin ecosystem.
The circulating supply of FDUSD remains at $299.75 million, according to DeFiLlama, suggesting that the freeze has not significantly impacted the overall market cap of the stablecoin. The FDUSD token price has shown minimal movement, with a 0.08% increase in the last 24 hours.
This incident highlights the role of stablecoin issuers in maintaining security within the cryptocurrency ecosystem. It also underscores the importance of coordination between exchanges and token issuers in responding to security breaches.
The broader cryptocurrency market remains relatively stable, with a total market cap of $2.67 trillion. 
Bitcoin has seen a 0.79% increase in the last 24 hours, while the overall market sentiment, as measured by the Fear & Greed Index, remains in 'Fear' territory at 30.
Since this brief published about 2 days ago, First Digital USD (FDUSD) has moved from ₹94.84$0.9978 to ₹94.81$0.9975 — -0.03%.
The chart plots FDUSD's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 FDUSD ≈ ₹102.83 (about $0.9975), up 0.0% over 24 hours. The rupee itself trades about 8.5% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 31, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
First Digital Freezes $3.4M FDUSD Linked to Binance Security — questions & answers
What is First Digital's response to the Binance security breach?
First Digital has frozen 3.4 million FDUSD tokens and blacklisted the attacker's address.
How much FDUSD was affected by the freeze?
3.4 million FDUSD tokens were frozen in response to the security incident.
What is the current market cap of FDUSD?
The FDUSD market cap is $299.75 million, according to DeFiLlama.
How much is 1 First Digital USD worth in rupee today?
About ₹102.83 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9975. The rupee price moves with both FDUSD's US-dollar price and the USDT/INR rate; use our First Digital USD in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Live Bitcoin News. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.