Tether freezes Binance hack funds, immobilizing over $1.5B in 30 minutes

Tether froze more than $1.5 billion in USD₮ from the Binance hack within 30 minutes of the October 29, 2026 attack, the stablecoin issuer said on November 2. Tether said the intervention kept those funds beyond the reach of North Korea, which the FBI identified as responsible for the theft. Key takeaways Tether says its Binance response blocked North Korean access to over $1.5 billion. Binance put the breach’s impact at about $6.3 billion in client assets. Tether’s worldwide enforcement network spans more than 360 agencies. The issuer reports over 7 billion USD₮ frozen overall, including the Binance funds.