Binance Probes Hack as Suspicious Outflows Hit $5.8B; Tether, Circle Freeze $1.79B

The scale here is the story: suspicious outflows of this size from a major exchange's hot wallets, met by stablecoin issuer freezes covering a large share of the total, point to coordinated tracing between exchanges and issuers becoming a first line of defense. The immediate question is whether the frozen portion reflects funds still recoverable versus value already moved beyond reach. With Binance silent on the incident and on customer funds, the credibility of its disclosure — and whether issuer-level freezes become routine after exchange breaches — is what to watch.