Trump’s crypto firm joins Tether, Circle, and Ripple in $2.6 billion stablecoin freeze as Binance hack outflows near $6 billion

Tether, Circle, Ripple and World Liberty Financial, all stablecoin issuers, have frozen digital assets worth more than $2.6 billion in connection with a suspected Binance security breach involving nearly $6 billion. On Oct. 29, Tether CEO Paolo Ardoino said his company had frozen more than $1.567 billion in USDT tied to the suspected incident. The overall freeze total covers all four issuers, while Paolo Ardoino’s disclosure specifies Tether’s USDT portion.