Stablecoins frozen in suspected Binance theft case rise to about $2.107 billion

Stablecoins frozen in suspected Binance theft case rise to about $2.107 billion

N
News Editor
2026-10-29 21:29:49
Odaily reported that a Tron address holding about 313 million USDT has been frozen in connection with a suspected theft incident involving Binance. Combined with roughly 971 million USDT previously frozen by Tether and 823 million USDC frozen by Circle, the total amount of frozen stablecoins tied to the case has reached about $2.107 billion. Binance has not disclosed the size of the loss or the cause of the incident so far. The update centers on the latest freeze on the Tron network and adds to earlier actions already taken by Tether and Circle. The figures cited in the report refer to the amount of stablecoins frozen across USDT and USDC that are linked to the same suspected incident.

Odaily reported that a Tron address holding about 313 million USDT has been frozen in connection with a suspected theft incident involving Binance.

That brings the total amount of frozen stablecoins tied to the case to about $2.107 billion, after adding roughly 971 million USDT previously frozen by Tether and 823 million USDC frozen by Circle.

Binance has not disclosed the size of the loss or the cause of the incident.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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