Binance attacker swapped 435M USDT into ETH before stablecoin freeze
- —Tether and Circle froze about $2.20 billion: $1.38 billion USDT and $823 million USDC across three addresses
- —Eleven attacker addresses hold 462,600 ETH worth roughly $1.04 billion, 85% in three wallets
- —60 million USDT is locked on Aave v3 as collateral for a 19,800 WETH borrow
- —18,270 BTC was split across 19 addresses, with exactly 1,000 BTC in 17 of them
Why it matters: Converting to ETH before the freeze complicates recovery and raises the risk of further market pressure if the funds are sold.
Source: Koin Bülteni