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Circle, Tether freeze funds impacted by potential Binance ‘security issue’

Summary
Circle Internet Group and Tether froze roughly $1.8 billion worth of funds tied to a potential hack on cryptocurrency exchange Binance.

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"User funds are completely safe," says the company, which has more than 300 million users worldwide, in a shared statement on X this Thursday evening.

·Paris, France
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The founder of Binance Chanpen Zhao, who was also its former director, stated that the site appeared to have been hacked. "It looks like a breach of the Binance. Thank you for the fast freeze from Tether (about $971 million) and Circle (about $823 million)," Zhao wrote in X. He assured that users' funds were safe. "I no longer manage Binance (.com), but as a shareholder, I expect that all user funds will be fully protected," Zhao added. Zhao add…

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bloomingbit.io broke the news on Thursday, October 29, 2026.
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