Tether Freezes 1.567 Billion USDT Amid Possible Binance Hack

On October 29, 2026, Changpeng Zhao said Tether froze over 1.567 billion USDT, a digital coin pegged to the US dollar, tied to a possible hack of Binance, a crypto trading platform. Zhao calls the hack potential, not confirmed, and does not say how much of the frozen amount it covers. Frozen coins cannot move until Tether lifts the freeze.