Binance Exploit Funds Worth $911 Million Swapped Into Ether and TRON

A total of $911 million in funds linked to the Binance exploit was converted into Ether (ETH) and TRON (TRX), moving those assets beyond Tether’s token-freezing mechanism; $2.8 billion in stolen assets had been frozen. The figures track separate developments. The $911 million is the value moved into ETH and TRX, while $2.8 billion is the value of stolen assets reported frozen. Both are dollar values tied to the same incident, but they describe conversion and freezing, respectively. The conversions involved Tether (USDT), the token covered by Tether’s freeze mechanism.