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Circle freezes $1.1B in USDC after Binance hack, blocking funds at specific addresses.

Market News
07 Nov 2026, 04:48 WIB
Tokenpost
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Bearish
Circle freezes $1.1B in USDC after Binance hack, blocking funds at specific addresses.

Circle froze about $1.1 billion in USDC linked to the October 29 Binance security breach, blocking transactions at designated addresses but not reversing completed blockchain transfers. The freeze was coordinated with law enforcement following legal procedures and does not determine ownership or forfeiture of the assets. The breach involved unauthorized transfers totaling an estimated $6.4 billion, attributed by the FBI to North Korean hackers. Circle urges better real-time cooperation among regulators, law enforcement, and market participants to improve crypto asset freezing and seizure processes.

BNB, the native token of Binance, is trading at Rp12.588.203 on Pluang with a slight gain of 0.35% over the past day. The market shows balanced activity with 55% of orders to buy and 45% to sell, and typical holders keep their positions for about 90 days. These figures are current as of Nov 07, 2026 10:02 WIB.

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