CryptoSlate reports that Tether froze $1.5 billion in USDT within 30 minutes following the Binance hack. However, $729 million managed to evade the freeze. Tether's actions highlight the complexities of custody and ownership in crypto assets, as seen in previous cases in the US. The situation raises questions about asset recovery and the effectiveness of such measures in the crypto space.
AI-assisted source briefing. Based on the CryptoSlate report; not independently verified.
Source published: Tue, 03 Nov 2026 12:00:53 +0000
[Read the original report](https://cryptoslate.com/tether-freezes-1-5-billion-in-30-minutes-after-binance-hack-but-729-million-escapes/)
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