U.S. Secret Service, Circle, and Tether freeze 2.37B in funds from Binance hack
US Secret Service Joins Circle, Tether in Freezing $2.37B in Binance Hack Funds
AI-assisted source summary · not independently verified. Content standards
The U.S. Secret Service is working with Circle to identify, freeze, and recover stolen funds from the Binance hack, while Circle and Tether have frozen a combined total of more than 2.37B. Circle froze more than 800M USDC, and Tether froze nearly 1.57B USDT; these assets may not yet have been recovered or returned to affected users.
The article details the amounts frozen by the two stablecoin issuers and the scope of their cooperation with law enforcement, while distinguishing between freezing and recovery to clarify the actual progress of on-chain asset recovery.
Source:Finance Magnates · financemagnates.com