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Hackers linked to the estimated $6.3 billion Binance theft rapidly converted freezeable USDT and USDC into Ether and other assets. Issuers froze about $3 billion, but roughly $3.33 billion remained in cryptocurrencies that cannot be directly immobilized.
Tether, Circle and other crypto companies froze billions in assets linked to a Binance hack, according to CoinDesk. Legal experts say blocking tokens may not ensure recovery and question whether smaller victims would receive comparable protection.
Tether said its excess reserves nearly doubled to $7.95 billion by the end of September, while third-quarter operating profit reached $1.5 billion. The stablecoin issuer reported $132.4 billion in Treasury exposure, $8.37 billion in Bitcoin reserves and a USDT user base above 700 million.
Bitcoin fell below $79,000 after reports of a suspected Binance hack and outflows of up to $5.8 billion. Tether and Circle froze billions in stablecoins, while Binance said it was investigating and had not confirmed a breach.
At least $5.57 billion left Binance-linked wallets across Ethereum, Bitcoin and Tron in a suspected breach. Binance is investigating, while Tether and Circle froze about $1.8 billion in stablecoins from the main receiving wallet.
Utexo plans to launch a Bitcoin-based version of USDT on Nov. 28 using RGB, with Lightning support targeted for early 2027. The company is betting that private transfers and Bitcoin settlement can attract users despite Ethereum and Tron’s established stablecoin markets.
Brazilian companies sharply increased trading in USDT and bitcoin as they reacted to Luiz Inácio Lula da Silva’s unexpected election victory. Corporate accounts generated 78% of Mercado Bitcoin’s volume, while the real and Brazilian stocks suffered steep losses the following day.
USDC now accounts for 56% of stablecoin trading against the euro, up from 10% in January 2024, as EU exchanges restrict USDT under MiCA. Kaiko also says USDC’s euro order books are about 40% deeper than Tether’s.
CoinDCX has confirmed that 15.99 million USDT, or about $16 million, was stolen from retired wallets after an internal transfer process failed. The disclosure reverses CEO Sumit Gupta’s earlier “false alarm” claim and brings the exchange’s reported losses across two incidents to nearly $60 million.
A Chinese national extradited to the US faces up to 20 years in prison over allegations that he helped move $36.9 million stolen from 174 crypto scam victims through a Bahamas bank, into Tether’s USDT and onward to Cambodia.
Aave moved the USDT borrowing-rate kink on its Ethereum Core market from 94% to 92% utilization, causing rates to rise sooner as liquidity tightens. The change models about 57.8 million USDT in additional buffer, but does not create new cash or guarantee immediate withdrawals.
Sen. Richard Blumenthal has demanded Tether records concerning payments to Nxum, a firm co-founded by former White House crypto adviser Bo Hines. The request follows reporting that Nxum earned $6.3 million from a Tether-linked deal while Hines retained a stake in the company.
Senator Richard Blumenthal has requested Tether’s records over a reported $6.3 million deal with Nxum, a company co-founded by former White House crypto adviser Bo Hines, citing concerns about lobbying and potential conflicts involving stablecoin legislation.
Senator Richard Blumenthal is requesting records from Tether and Nxum Group over reported millions in payments made while Bo Hines, Nxum’s co-founder, was advising the White House on crypto policy. Hines later became Tether’s top U.S. executive.
Utexo has opened early access to Utexo Mint, allowing exchanges, wallets and other professional operators to test USDT on Bitcoin through RGB before a planned November 28 public launch. A second phase is scheduled to bring the stablecoin to Lightning for payments in early 2027.
The post CoinDCX Hack Today [LIVE] Updates: Was India’s Crypto Exchange Breached Again? appeared first on Coinpedia Fintech News October 22, 2026 11:56:34 UTC CoinDCX Hack Today: Researcher Traces $8.9 Million In USDT T...
Tether has led a pre-seed round in Peso, a Bolivian fintech that supports USDT payments through Yango food delivery, merchant tools and banking links. The funding will help Peso expand its stablecoin infrastructure across Bolivia, Brazil, Colombia and Argentina.
Tether has led a $15 million Series A round for Mural, a New York fintech founded by former Palantir engineers. The company builds infrastructure for payments, identity checks and compliance as businesses test AI systems that can execute transactions.
