Tether has frozen over $1.567 billion in USDT, suspected to be linked to stolen assets from Binance.

October 30: Tether has frozen over $1.567 billion in USDT, according to a report citing Bloomberg Terminal.

The freeze is suspected to be related to stolen assets from Binance. Binance co-founder Yi He recently posted that Binance has noticed reports of potential security issues and is actively investigating. The security team is urgently reviewing all relevant information and will release the latest updates through Binance's official channels once verified.

Yi He also reminded users to be vigilant against scams, not to trust unofficial links, messages, or requests for account information, and emphasized user fund safety (SAFU).