Tether Says It Froze Over $1.5B From Binance Hack Within 30 Minutes

Tether said it froze more than $1.5 billion in stolen USDT within 30 minutes of the Binance hack, blocking access to those funds. The announcement followed the FBI’s attribution of the attack to North Korea. Tether said on Nov. 2 that it had frozen more than $1.5 billion in USDT within 30 minutes of the Oct. 29 Binance attack. The company stated that its intervention prevented those assets from being transferred, swapped, or laundered, keeping them beyond the attackers’ reach. Bo Hines, CEO of Tether’s U.S. stablecoin business, commented: “We moved immediately and stopped more than $1.5 billion from reaching the people behind this attack.” The Federal Bureau of Investigation (FBI) attributed the Binance theft to North Korea on Oct.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin.com News.