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Circle freezes $1.1B USDC after Binance hot-wallet breach to secure funds.

Market News
08 Nov 2026, 22:39 WIB
Tokenpost
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Bearish
Circle freezes $1.1B USDC after Binance hot-wallet breach to secure funds.

Circle, the issuer of the stablecoin USD Coin (USDC), froze about $1.1 billion in USDC linked to a security breach of Binance's hot wallet on October 29. The freeze was coordinated with law enforcement to prevent further misuse of the funds. Binance reported that the breach affected assets worth approximately $6.34 billion, with $2.85 billion frozen or intercepted, and has replenished 98% of the affected tokens by October 31. This incident highlights how stablecoin issuers can intervene during crypto emergencies to protect assets and maintain market stability.

As of Nov 09, 2026 04:02 WIB, Binance Coin (BNB) trades at Rp12.606.923 on Pluang, showing a modest 0.30% gain over the past day. The market cap stands at Rp1.660,39 trillion with a 24-hour trading volume of Rp10,79 trillion. This stable trading activity follows the recent security breach involving Binance, where $1.1 billion in USDC was frozen to prevent further misuse.

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