Tether has frozen over 1.567 billion USD in USDT, suspected to be related to stolen assets from Binance

Tether has frozen over 1.567 billion USDT, according to reports citing Bloomberg Terminal.

The freeze is suspected to involve stolen assets from Binance. Binance co-founder He Yi recently stated that Binance has noted reports regarding potential security issues and is currently conducting an active investigation. The security team is urgently reviewing all relevant information and will release the latest developments through official Binance channels once verified.

He Yi also reminded users to be vigilant against scams, not to trust unofficial links, messages, or requests for account information, and emphasized the safety of user funds.