Tether froze more than $1.5 billion in USDT within 30 minutes of the October 29 attack on Binance, intercepting the stolen funds before they could be transferred, exchanged, or laundered. The FBI attributed the attack, which resulted in the theft of more than $6 billion in virtual assets from Binance, to North Korea and designated the activity as TraderTraitor.
Tether CEO Paolo Ardoino said the team had frozen more than $1.5 billion just minutes after the attack, emphasizing that USDT is not suitable for concealing stolen funds. Tether USA CEO Bo Hines said the company had acted immediately to prevent more than $1.5 billion from reaching the attackers, adding that this measure helps protect the United States and the rest of the world. Tether said it was working with U.S. and international law enforcement agencies to track illicit funds and help hold those responsible accountable.
$BNB
$ADA
$XRP
Tether CEO Paolo Ardoino said the team had frozen more than $1.5 billion just minutes after the attack, emphasizing that USDT is not suitable for concealing stolen funds. Tether USA CEO Bo Hines said the company had acted immediately to prevent more than $1.5 billion from reaching the attackers, adding that this measure helps protect the United States and the rest of the world. Tether said it was working with U.S. and international law enforcement agencies to track illicit funds and help hold those responsible accountable.
$BNB
$ADA
$XRP