Tether froze more than $1.5 billion in stolen USDT within 30 minutes of the Binance hack, preventing the funds from being transferred or laundered by attackers linked to North Korea. According to Bitquery, approximately $729 million nevertheless escaped the restrictions, with part of the proceeds converted into ETH and TRON. Overall, $1.76 billion in stolen USDT was immobilized, while $2.7 billion was blocked or secured through interventions by several stablecoin issuers and other emergency measures. The attackers still controlled approximately $3 billion in cryptocurrencies, mainly Bitcoin and Ethereum, as of November 2. Tether did not disclose the recipient, legal authorization or timeline for returning the frozen funds.
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