On-chain analysis detects $5.643B in outflows from Binance wallets amid $2.316B in stablecoin freezes by Tether and Circle.
DeFi & Yields ·
On-chain monitoring detected $5.643B in transfers away from Binance-associated addresses, coinciding with Tether and Circle implementing freezes affecting $2.316B in stablecoins—$1.493B in USDT and $823M in USDC across multiple blockchains. The movements, tracked as of October 29, 2026, were distributed primarily across Ethereum ($3.528B), Bitcoin ($1.449B), and Tron ($628M), with smaller amounts across Arbitrum, Optimism, and Base combined ($38M). The data captures on-chain activity without independently verifying the cause or confirming whether all capital represents compromised or stolen holdings.