Tether Freezes Over $1.5 Billion From Binance Hack, Keeping Funds Out of North Korea’s Reach
By admin
AI summary of the source article
Tether froze over $1.5 billion in USD₮ within 30 minutes of the 29 October Binance hack. The FBI identified North Korea as responsible for the attack.
Why it matters
U.S. authorities have repeatedly warned that "crypto theft is a key source of funding for North Korea’s nuclear weapons programme," and Tether noted that halting the funds is "a direct contribution to U.S. and global security."
Key facts
- Tether froze more than $1.5 billion in USD₮ within 30 minutes of the 29 October Binance hack.
- The FBI attributed the hack to North Korea, preventing the funds from being transferred, swapped, or laundered.
- In total, Tether has frozen over 7 billion USD₮ in secondary market addresses linked to fraud and thefts.
Source excerpt · Tether news
Funds frozen within 30 minutes of the attack, which the FBI has attributed to North Korea, cutting off a key source of funding for its weapons programme 2 November 2026 – Tether, the largest company in the digital asset industry, froze more than $1.5 billion in USD₮ within 30 minutes of the 29 October Binance […]