Global scramble to trace $6B Binance hack funds

smh.com.au [$] —

Hackers stole over $6 billion from Binance in the largest crypto heist in history, triggering a global scramble to trace and freeze the funds. The attack occurred Thursday and has shaken confidence in the crypto industry. Security researchers and Binance executives from New York to Abu Dhabi and Kyiv worked to trace stolen money and freeze accounts. Tether and Circle froze over $2.3 billion combined, while the FBI and blockchain firms attributed the hack to North Korea. The heist comes as the Trump administration pushes for mainstream crypto adoption, raising fears it could undermine those efforts. Binance has vowed to reimburse users and restored 90 percent of stolen tokens by Saturday.


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