By Isaac • October 29, 2026 7:11 pm •
A suspected Binance-linked drain approaching $6 billion triggered one of the fastest coordinated stablecoin freezes the crypto industry has seen. Tether, Circle, Ripple and World Liberty Financial moved to immobilize more than $2.6 billion while the attacker was still trying to move funds.
CryptoSlate reported that the response spread across the biggest dollar-pegged tokens after suspicious transfers began leaving Binance-linked wallets, with reported outflows nearing $6 billion and the attacker moving funds through multiple channels while the full cause of the compromise remained under investigation and crypto prices reacted to the scale of the suspected breach. Tether froze more than $1.567 billion in USDT, while Circle, Ripple and World Liberty Financial helped push the combined amount
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