Tether Freezes $1.567B in USDT Following Binance Cyberattack
Tether has frozen over $1.567 billion in USDT tokens linked to a recent Binance cyberattack, while Binance assures customer funds are safe.
Tether has frozen over $1.567 billion in USDT tokens linked to a recent Binance cyberattack, while Binance assures customer funds are safe. Tether (USDT) is trading at ₹95.21 ($0.9992). This is an original Token Times brief synthesising 2 outlets (Bitcoin Sistemi, AMBCrypto), plus live market data, as of Fri, 30 Oct 2026 10:15:01 UTC.
The freeze represents one of the largest USDT interventions to date, highlighting the power of stablecoin issuers to act against illicit activities and protect market integrity. It also underscores the ongoing security challenges faced by major crypto exchanges.
- Tether froze $1.567 billion USDT linked to Binance cyberattack
- Binance confirms customer funds remain secure
- USDT market cap remains at $180.26 billion despite the freeze
- Crypto market remains in 'Fear' territory amid the incident
Both Bitcoin Sistemi and AMBCrypto report that Tether has frozen $1.567 billion in USDT tokens connected to the Binance cyberattack, with Bitcoin Sistemi providing the exact figure and AMBCrypto focusing on the broader market impact. While Bitcoin Sistemi emphasizes the scale of the freeze, AMBCrypto highlights Binance's assurance that customer funds are safe and the involvement of security researchers. No outlet contradicts the core facts, but they differ in emphasis and detail provided.
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- Tether Freezes $1.567B in USDT Following Binance Cyberattack — this brief
Tether has taken action to freeze over $1.567 billion worth of USDT tokens that are allegedly linked to a recent cyberattack on Binance. This decision comes as part of an effort to prevent further movement of potentially illicit funds and protect the integrity of the stablecoin ecosystem.
Binance has confirmed that customer funds remain secure despite the incident, with security researchers actively investigating the large outflows from affected wallets. The exchange has not disclosed the full extent of the attack but has assured users that their assets are protected.
The freeze represents one of the largest interventions by Tether, affecting approximately 0.87% of the total USDT circulating supply, which currently stands at $180.26 billion according to DeFiLlama. Despite the significant freeze, the USDT market cap has remained stable, with the token's price at $0.998986, showing minimal 24-hour and 7-day movement.
The broader crypto market has reacted with caution, with the total market cap at $2.68 trillion and 
Bitcoin experiencing a 2.61% drop in the past 24 hours. The Fear & Greed Index remains at 30, indicating a 'Fear' sentiment among investors.
This incident highlights the critical role of stablecoin issuers in maintaining market security and the challenges faced by major exchanges in protecting against cyber threats. The situation bears watching for further developments in the investigation and any potential impact on USDT's stability.
Since this brief published about 2 hours ago, Tether (USDT) has moved from ₹95.20$0.999 to ₹95.21$0.9992 — +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 ≈ ₹106.5 (about $0.9992), up 0.0% over 24 hours. The rupee itself trades about 11.9% 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 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.
Tether Freezes $1.567B in USDT Following Binance Cyberattack — questions & answers
How much USDT did Tether freeze?
Tether froze $1.567 billion in USDT tokens linked to the Binance cyberattack.
Is Binance's customer fund safe?
Binance has confirmed that customer funds remain secure despite the cyberattack.
What is the current circulating supply of USDT?
The circulating supply of USDT is $180.26 billion, according to DeFiLlama.
How much is 1 Tether worth in rupee today?
About ₹106.5 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9992. 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 Bitcoin Sistemi, AMBCrypto, with the key figures cross-checked for agreement across them. 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.