Circle Reports Freezing $1.1B in USDC During Binance Probe
Circle said it froze about $1.1 billion in USDC connected to an investigation into a reported Binance exploit while cooperating with law enforcement.
Circle said it froze about $1.1 billion in USDC connected to an investigation into a reported Binance exploit while cooperating with law enforcement. USDC (USDC) is trading at $0.9994. This is an original TLT brief based on reporting by NewsBTC, with live market data added, as of Mon, 09 Nov 2026 02:45:03 UTC.
The freeze could prevent linked USDC from being moved while authorities investigate the reported exploit. It also demonstrates the enforcement role available to a major stablecoin issuer.
- Circle froze roughly $1.1B in USDC linked to the reported Binance exploit
- Circle is working with law enforcement
- USDC traded at $0.99948 with minimal 24-hour movement
- Crypto market cap was $2.58T; Fear & Greed stood at 29
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- Circle’s Q3 revenue reaches $865M as USDC activity expands
- Circle Reports $226M Profit While Reducing Its Workforce by 5%
- Circle’s ARC sale boosts earnings as USDC yield pressure grows
- Circle expanded USDC supply by $1B in minutes without breaking its dollar peg
- Circle Reports Freezing $1.1B in USDC During Binance Probe — this brief
Circle said it froze approximately $1.1 billion in 
USDC connected to the reported Binance exploit, according to NewsBTC, the sole outlet supplied on the development. The stablecoin issuer is working with law enforcement as the investigation proceeds.
The supplied coverage does not identify the addresses, transactions, alleged attackers or other details behind the freeze, and it does not state that every frozen dollar was confirmed as stolen. It describes the USDC as connected to the reported exploit and under investigation.
The action shows how a stablecoin issuer can restrict access to funds when it cooperates with law enforcement. For Circle, the issuer of USDC, that mechanism affects the availability of a substantial amount of its token supply; for users and market participants, it represents a potential interruption in the movement of assets connected to the case.
Live data showed USDC circulating supply at $70.53 billion, according to DeFiLlama, while the token’s market capitalization was listed at $70.35 billion. USDC traded at $0.99948, changing 0.00% over 24 hours and declining 0.03% over seven days.
The broader crypto market was flat at a $2.58 trillion total capitalization. 
Bitcoin was down 0.66% over 24 hours, while the Fear & Greed index registered 29, indicating a Fear reading. The immediate issue to watch is whether law enforcement confirms more assets or participants tied to the reported exploit as the investigation develops.
Since this brief published about 5 hours ago, USDC (USDC) has moved from $0.9995 to $0.9994 — -0.01%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₦1,377.7 (about $0.9994), down 0.0% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 9, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Circle Reports Freezing $1.1B in USDC During Binance Probe — questions & answers
How much USDC did Circle freeze?
Circle said it froze roughly $1.1 billion in USDC connected to the reported Binance exploit investigation.
Why was the USDC frozen?
Circle said the assets were linked to the reported Binance exploit and that it was working with law enforcement.
Is USDC showing stress in the market?
USDC traded at $0.99948, with no 24-hour change and a 0.03% seven-day decline.
How much is 1 USDC worth in naira today?
About ₦1,377.7 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9994. The naira price moves with both USDC's US-dollar price and the USDT/NGN rate; use our USDC in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from NewsBTC. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.