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Circle and Tether freeze $1.8B in stablecoins amid Binance hack probe, Bitcoin drops below $80K

Market News
30 Oct 2026, 01:01 WIB
CNBC
View Source
Bearish
Circle and Tether freeze $1.8B in stablecoins amid Binance hack probe, Bitcoin drops below $80K

Circle and Tether have frozen about $1.8 billion in stablecoins linked to a potential hack on Binance, the largest crypto exchange by volume. Binance is investigating a possible security breach but has not confirmed an exploit, assuring users their funds are safe. Following the news, Bitcoin fell over 3% to below $80,000, and Circle's shares dropped about 5%. The situation remains fluid as investigations continue.

While the news highlights a freeze of about $1.8 billion in stablecoins linked to Binance, Tether (USDT) on Pluang is trading steadily at Rp18.207 with a slight 1-day gain of 0.26% as of Oct 30, 2026 05:22 WIB. Despite the reported market turmoil, USDT maintains a large market cap of Rp3.276,61 trillion and a high 24-hour volume of Rp1.416,46 trillion, indicating ongoing active trading and liquidity on the platform.

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