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Tether Freezes $3.29M in Rhea Finance Hack
Tether has frozen $3.29M in USDT tied to the Rhea Finance exploit, confirmed by Paolo Ardoino.
This highlights a harsh reality: when funds sit on centralized rails, there’s a built-in kill switch. Hackers move fast—but Tether can move faster.
The bigger shift? Every exploit is now a race between cashing out and getting frozen. In this case, Rhea recovers some funds—rare in DeFi hacks.
So what is USDT becoming: safer… or just more centralized?