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Crypto DeFi

USDT0 freezes 6.18M stolen tokens on Polygon after Binance hack

USDT0 froze 6.18 million USDT0 that an attacker stole on Polygon following a hack of Binance, USDT0 co-founder zerolore said on Oct. 30. The team suspended its TRON–Ethereum bridge shortly after the breach was confirmed and, with KYT and compliance partners, caught a second theft on Polygon about 20 minutes later, freezing the funds before the attacker could swap them into unfreezable assets. Transfers between TRON and Ethereum resumed after Tether froze most of the stolen USDT, over $1.3 billion.

Original source

AI take

The speed of the freeze — a second theft caught roughly 20 minutes later — is the real signal here: stablecoin issuers and their compliance partners are getting faster at interdicting stolen funds before they can be laundered into assets outside their reach. That matters most for bridge operators and cross-chain liquidity providers, whose exposure to frozen or tainted assets is now a live operational risk. The open question is whether this coordination holds up as attackers adapt, and whether bridge suspensions like the TRON–Ethereum halt become a recurring feature of incident response.

Generated by AI for reference only.

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