Tether CEO Paolo Ardoino said the company had frozen more than $1.567 billion in USDT linked to the potential exploit.
Cointelegraph reported that Tether CEO Paolo Ardoino said Tether had frozen more than $1.567 billion in USDT linked to the potential exploit.
This line is our short summary of the quote below. The quote is the evidence.
Figures from this claim
- Frozen usdt: 1,567,000,000 USDT as of
Other claims from the same source
Cointelegraph reported that Blockaid said it had identified roughly $3.3 billion in suspicious transfers involving Binance-linked wallets across Ethereum, Arbitrum and Avalanche.
Blockchain security firm Blockaid said its team had identified roughly $3.3 billion in suspicious transfers involving Binance-linked wallets across Ethereum, Arbitrum and Avalanche.
Cointelegraph reported that Circle CEO Jeremy Allaire said Circle had frozen more than $800 million in USDC in coordination with law enforcement.
Circle CEO Jeremy Allaire said the company had frozen more than $800 million in USDC in coordination with law enforcement and would continue supporting the investigation.
Cointelegraph reported that Changpeng Zhao said the activity appeared to be a hack and that Tether and Circle had frozen approximately $971 million and $823 million respectively.
Binance co-founder Changpeng Zhao said the activity appeared to be a hack, adding that Tether and Circle had frozen approximately $971 million and $823 million, respectively. Zhao said he expected all user funds to be fully covered.
Cointelegraph reported that Arkham Intelligence identified wallets labeled binance-hacker-1029 holding approximately $5.84 billion, and noted that this is the wallets' reported holdings, not a confirmed estimate of stolen funds.
Blockchain analytics platform Arkham Intelligence later identified a collection of wallets labeled “binance-hacker-1029” holding approximately $5.84 billion in digital assets. The figure represents the wallets’ reported holdings rather than a confirmed estimate of stolen funds.
Cointelegraph reported that blockchain researcher Spreek first raised concerns, posting on X that assets from a Binance-linked Ethereum wallet had been moved to a newly created address through a contract call allegedly funded by Tornado Cash.
Concerns were first raised by blockchain researcher Spreek, who posted on X that assets from a Binance-linked Ethereum wallet had been transferred to a newly created address through a contract call allegedly funded by Tornado Cash.