Binance Says $3 Billion in Assets Tied to Suspected Theft Are Frozen

Binance said about $3 billion in assets tied to the suspected hot-wallet theft were frozen by 8:52 a.m. Beijing time (8:52 p.m. ET Oct. 29), a major milestone in efforts to recover the funds. About 1.77 billion USDT, 12,574 XAUT and 6.19 million USDT0 were frozen. Tether CEO Paolo Ardoino had earlier said the company froze more than 1.567 billion USDT. Circle CEO Jeremy Allaire said Circle froze more than $800 million in USD Coin (USDC) in coordination with law enforcement; 823 million USDC were frozen.