Tether Freezes Over 1.567B USDT Linked to Suspected Binance Hack

The gap between the single-wallet figure and the broader total suggests the exposure was spread across multiple addresses rather than concentrated, which matters for how much of the suspected hack proceeds can realistically be traced and contested. Tether's own caveat — that freezing is not recovery — is the key distinction for anyone holding affected counterparty risk: immobilizing funds and returning them are separate problems with separate timelines. What's worth watching is whether the freeze holds up under any legal or jurisdictional challenge, and whether Binance details how the funds moved before they were flagged.