First Digital Freezes $3.4M FDUSD Linked to Binance Security Incident
First Digital has confirmed freezing 3.4 million FDUSD tokens connected to the recent Binance security breach.
First Digital has confirmed freezing 3.4 million FDUSD tokens connected to the recent Binance security breach. First Digital USD (FDUSD) is trading at $0.9978. This is an original TLT brief based on reporting by Live Bitcoin News, with live market data added, as of Sat, 31 Oct 2026 22:45:03 UTC.
This action demonstrates the stablecoin issuer's proactive response to security incidents and its commitment to protecting user funds. It also highlights the interconnected nature of crypto security and the importance of coordinated responses between exchanges and stablecoin issuers.
- First Digital froze 3.4 million FDUSD linked to Binance security breach.
- FDUSD circulating supply remains at $299.76M despite the freeze.
- Issuer is coordinating with Binance to prevent further movement of stolen tokens.
- Binance Confirms Security Incident as Billions Exit Exchange
- First Digital Freezes $3.4M FDUSD Linked to Binance Security Incident — this brief
First Digital, the issuer of the FDUSD stablecoin, has taken action following the recent Binance security breach by freezing approximately 3.4 million FDUSD tokens. This move was confirmed by First Digital CEO Vincent Chok, who stated that the company is coordinating with Binance to prevent any further movement of the stolen tokens.
On-chain monitoring has revealed that the affected tokens were blacklisted at an address linked to the attacker. This action underscores the stablecoin issuer's commitment to security and its ability to respond swiftly to potential threats.
Despite the freeze, the circulating supply of FDUSD remains unaffected at $299.76 million, according to data from DeFiLlama. This indicates that the frozen amount is a relatively small portion of the total FDUSD in circulation.
The broader crypto market has shown resilience, with the total market cap standing at $2.68 trillion and 
Bitcoin experiencing a 24-hour increase of 1.17%. The Fear & Greed Index remains at 30, indicating a 'Fear' sentiment in the market.
The development highlights the importance of collaboration between stablecoin issuers and exchanges in addressing security incidents. It also serves as a reminder of the ongoing challenges in maintaining security within the crypto ecosystem.
Since this brief published about 36 hours ago, First Digital USD (FDUSD) has moved from $0.9979 to $0.9978 — -0.00%.
The chart plots FDUSD'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 FDUSD ≈ ₦1,373.34 (about $0.9978), up 0.1% over 24 hours. The naira itself trades about 2.3% 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 · October 31, 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.
First Digital Freezes $3.4M FDUSD Linked to Binance Security — questions & answers
How much FDUSD was frozen by First Digital?
First Digital froze approximately 3.4 million FDUSD tokens.
What is the current circulating supply of FDUSD?
The circulating supply of FDUSD is $299.76 million.
Why did First Digital freeze the FDUSD tokens?
The freeze was in response to the recent Binance security breach to prevent further movement of stolen tokens.
How much is 1 First Digital USD worth in naira today?
About ₦1,373.34 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9978. The naira price moves with both FDUSD's US-dollar price and the USDT/NGN rate; use our First Digital USD in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Live Bitcoin News. 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.