Tether Freezes More Than 1.567 Billion USDT Over Possible Binance Hack

Changpeng Zhao said on October 29, 2026 that Tether froze more than 1.567 billion USDT linked to a potential hack of the Binance exchange. Zhao describes the hack as potential, not confirmed, and does not say how much of the frozen amount is tied to the breach. Frozen USDT cannot move until Tether, its issuer, lifts the freeze.