TFTC(@TFTC21):Binance exploiters are moving stablecoins into DeFi protocols to dodge freezes, @chainalysis says. The method has been used on the Tron blockchain since the early hours of the $6.4 billion attack. Hackers swap TRX for stablecoins, then swap those stablecoins for depository receipt tokens. Unlike the stablecoins they represent, the receipt tokens cannot be frozen. Whoever holds them can redeem them for the underlying stablecoins on new, clean addresses. The stablecoin issuer can freeze the original funds. It cannot freeze the receipt.

2026.10.31 14:41

Binance exploiters are moving stablecoins into DeFi protocols to dodge freezes, @chainalysis says. The method has been used on the Tron blockchain since the early hours of the $6.4 billion attack. Hackers swap TRX for stablecoins, then swap those stablecoins for depository receipt tokens. Unlike the stablecoins they represent, the receipt tokens cannot be frozen. Whoever holds them can redeem them for the underlying stablecoins on new, clean addresses. The stablecoin issuer can freeze the original funds. It cannot freeze the receipt.