Binance CEO Breaks Silence on $47 Million USDT Freeze
Published 2 months ago
Aug 29, 2025 at 3:15 PM
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Binance CEO Richard Teng confirmed that the exchange froze nearly $50 million in cryptocurrency tied to so-called "pig butchering" scams. The operation, which included law enforcement in the Asia-Pacific region (APAC), Chainalysis and stablecoin issuers, successfully prevented as much as $47 million from being cashed out.