Tether freezes $1.5 billion in 30 minutes after Binance hack, but $729 million escapes

Tether describes immobilized USDT, while US precedents show separate decisions governing custody, ownership and return. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Tether describes immobilized USDT, while US precedents show separate decisions governing custody, ownership and return.
- Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
- Get The Catalyst in your inbox
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security

Morning Minute: Tom Lee Calls the Binance Hack Bullish for Ethereum
Meanwhile, both the BTC ETFs and ETH ETFs bleed outflows in the Binance hack aftermath, dragging down prices.

Binance net outflows reach $5.3 billion after record hack. CEO says recovery underway
Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals.

Binance Misses Monthly Luna Classic Burn for First Time Since 2023
LUNC holders are waiting for Binance’s November burn, but it hasn’t arrived as the exchange recovers from a record $6.3 billion hack.