Nearly Half of Stolen Binance Funds Had a Freeze Button
- —About $2.61 billion in USDT, USDC, RLUSD, WBETH and XAUT was frozen
- —Tether froze over 1.567 billion USDT; Circle froze more than 800 million USDC
- —$1.45 billion in BTC, $875 million in ETH and $234 million in TRX cannot be frozen
- —Attacker swapped 60 million USDT for 19,762 WETH on Aave before freezes hit
Why it matters: The split shows stablecoin freezes work fast, but half the stolen funds in BTC and ETH remain unrecoverable, leaving Binance to absorb the losses.
Source: NullTX