Tether and Circle Freeze Over $2.38 Billion in Stablecoins After Binance Security Issue

Tether and Circle have frozen more than $2.38 billion in stablecoins, digital tokens meant to hold a steady value, after crypto exchange Binance said it was investigating a potential security issue on October 29. Freezing blocks tokens from being moved. A Binance spokesperson says user funds are completely safe. Binance has not explicitly confirmed that funds were taken.