CryptoGizmodoabout 1 hour ago
Crypto Issuers Freeze $6.3 Billion After Binance Hack
8 min read
Following the largest crypto theft on record, stablecoin issuers Tether and Circle froze roughly $6.3 billion in assets from Binance wallets. Tether froze more than 1.567B USDT while Circle froze more than 800 million USDC. Critics argue these actions undermine crypto's censorship resistance by relying on centralized intermediaries similar to traditional banks.
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