Tether halts $1.5B in USDT after Binance security breach

Community Trust Score Verified 83 % Real Verified 29 votes Updated 10 minutes ago Tether froze more than $1.5 billion in USDT tokens on November 2 following a late-October attack on Binance. The issuer said it acted on intelligence from investigators and industry partners to implement the restrictions. These restrictions block specified token balances rather than recovering assets. Tether moved quickly to halt transfers once notified. Centralised stablecoins often use smart-contract functions to block designated addresses—a tool for law enforcement that does not exist for native Bitcoin, where no issuer controls transfer rules.