Corporate5:14 PM ETdeveloping · v2

Tether freezes $971M USDT linked to suspected Binance hack; Binance issues statement

By BORSA NewsroomPublished Oct 29, 2026, 5:14 PM EDTUpdated Oct 29, 2026, 5:15 PM EDT

Tether froze $971 million USDT tied to a suspected Binance hack after $2.8 billion outflow across five blockchains. Binance has now responded with a statement.

Sentimentbearish 20

Strongly bearish · 20 of 100

Impact70

medium · sector-wide

Confidence60%

moderate confidence · 2 wires

Eventdeveloping

v2 · alerted to followers

WHAT WE KNOW

Tether froze $971M USDT linked to suspected Binance hack.
Binance wallets saw $2.8B outflow across five blockchains.