According to CoinMeta, OKX founder Star posted on social media to affirm the handling of the suspected theft incidents involving Circle and Tether on Binance, and called for exchanges and stablecoin issuers to collaborate to establish a industry-wide security response mechanism. He proposed that the industry needs to set up a real-time warning system to share information and coordinate responses during hacker attacks, as well as to temporarily freeze the funds before they are transferred. Circle has already cooperated with law enforcement authorities to freeze over 800 million USDC, and Tether has also frozen multiple related USDT.