Bankless · Friday, October 30, 2026
Ari Redbord highlights the rapid response from stablecoin issuers Tether and Circle following the Binance hack. According to Redbord, the companies successfully froze about $2.4 billion, representing 40% of the stolen funds, within roughly an hour of the exploit.
“Literally, Tether and Circle were able to freeze Tether 40% of the stolen funds last night, about $2.4 billion within an hour or so of the hack.”