Tether Freezes 1.567 Billion USDT Over Possible Binance Hack

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