Major Stablecoin Issuers Freeze $2.6B Linked to Binance Hack
Tether, Circle, Ripple, and World Liberty Financial have collectively frozen over $2.6 billion in assets connected to a suspected $6 billion Binance security breach.
Tether, Circle, Ripple, and World Liberty Financial have collectively frozen over $2.6 billion in assets connected to a suspected $6 billion Binance security breach. Tether (USDT) is trading at ₹95.15 ($0.9985). This is an original Token Times brief based on reporting by CryptoSlate, with live market data added, as of Fri, 30 Oct 2026 01:00:01 UTC.
The coordinated freeze by major stablecoin issuers represents a significant intervention in mitigating the impact of one of the largest suspected crypto exchange hacks in history, affecting billions in digital assets.
- Tether froze $1.567B USDT, Circle, Ripple, and World Liberty Financial froze additional amounts.
- Total frozen assets linked to the Binance incident exceed $2.6 billion.
- Binance's reported hack outflows approach $6 billion, with $2.54 billion in assets frozen so far.
- Binance Faces $2.5B Hack Crisis as Stablecoins Worth Nearly $1B Are Frozen
- Binance Suffers Major Security Breach as $2 Billion in Funds Drained
- Major Stablecoin Issuers Freeze $2.6B Linked to Binance Hack — this brief
- Binance Faces $5.8B Hack Aftermath as Crypto Market Drops 3.3%
In a coordinated response to a suspected major security breach at Binance, leading stablecoin issuers have frozen substantial amounts of digital assets. 
Tether, the largest stablecoin issuer, has frozen $1.567 billion in USDT, as confirmed by CEO Paolo Ardoino. This move is part of a broader effort that includes Circle, Ripple, and 
World Liberty Financial, resulting in a total of over $2.6 billion in frozen assets.
The suspected hack, which Binance is currently investigating, has reportedly seen outflows of approximately $6 billion in digital assets. Cointelegraph and Finbold report that $2.54 billion in assets have been frozen so far, with further freezes possible as investigators trace the movement of the stolen funds.
The discrepancy in the total hack amount, ranging from $5.5 billion to $6 billion, highlights the complexity of assessing the full impact of the breach. While the exact figures may vary, the consensus among outlets is that the incident is one of the largest suspected hacks in the cryptocurrency space.
This development comes amid a broader market downturn, with the total crypto market cap at $2.68 trillion and 
Bitcoin experiencing a 24-hour decline of 4.20%. The Fear & Greed Index stands at 30, indicating a state of fear among investors.
The freezing of assets by major stablecoin issuers is a significant step in mitigating the impact of the breach. It underscores the role of stablecoins in the crypto ecosystem and the measures that can be taken to protect user funds in the event of a security incident. The situation remains fluid, and further developments are expected as the investigation continues.
Since this brief published about 1 hour ago, Tether (USDT) has moved from ₹95.13$0.9983 to ₹95.15$0.9985 — +0.02%.
The chart plots USDT'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 USDT ≈ ₹105.09 (about $0.9985), down 0.1% over 24 hours. The rupee itself trades about 10.4% 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 assets in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 3 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 30, 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.
Major Stablecoin Issuers Freeze $2.6B Linked to Binance Hack — questions & answers
What is the total amount of assets frozen?
Over $2.6 billion in assets have been frozen by stablecoin issuers.
How much did Tether freeze?
Tether has frozen $1.567 billion in USDT.
What is the suspected hack amount?
Binance's suspected hack outflows are reported to be nearly $6 billion.
How much is 1 Tether worth in rupee today?
About ₹105.09 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9985. The rupee price moves with both USDT's US-dollar price and the USDT/INR rate; use our Tether in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CryptoSlate. 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.