Circle froze more than $800 million in USDC following unauthorized withdrawals of approximately $6.3 billion from Binance’s hot wallets. Tether froze more than $1.5 billion in USDT, Ripple approximately $200 million in RLUSD and World Liberty Financial roughly $27 million in USD1. Together, the four issuers blocked more than $2.5 billion linked to the breach, in addition to the approximately $3 billion in assets Binance had already frozen on-chain. Binance pledged to cover all customer losses using its SAFU and corporate resources, while Circle’s shares fell 5.6% and Bitcoin dropped more than 4% to around $78,000.
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