🚨BREAKING🚨
* 💰 $3 Billion in stolen crypto frozen following the $6.3 billion Binance hack linked to North Korean hackers.
* 🪙 Tether froze over $1.56 billion USDT, while Circle blocked approximately $823 million USDC.
* 🛡️ Binance allocated over $6.34 billion from its reserves to cover potential customer losses.
* ⚠️ Experts warn of a double standard: Major crypto companies are facing questions over why smaller hack victims may not receive the same rapid assistance.
* ⚖️ Frozen funds don't mean recovered funds: Legal procedures and ownership verification may still be required before assets can be returned.
* ₿ Bitcoin cannot be frozen at network level, unlike centralized stablecoins such as USDT and USDC.
* 🔥 The industry faces growing pressure to establish consistent rules for freezing stolen crypto across all hacking incidents.
#Binance #hackbinance
$BTC $ETH
* 💰 $3 Billion in stolen crypto frozen following the $6.3 billion Binance hack linked to North Korean hackers.
* 🪙 Tether froze over $1.56 billion USDT, while Circle blocked approximately $823 million USDC.
* 🛡️ Binance allocated over $6.34 billion from its reserves to cover potential customer losses.
* ⚠️ Experts warn of a double standard: Major crypto companies are facing questions over why smaller hack victims may not receive the same rapid assistance.
* ⚖️ Frozen funds don't mean recovered funds: Legal procedures and ownership verification may still be required before assets can be returned.
* ₿ Bitcoin cannot be frozen at network level, unlike centralized stablecoins such as USDT and USDC.
* 🔥 The industry faces growing pressure to establish consistent rules for freezing stolen crypto across all hacking incidents.
#Binance #hackbinance
$BTC $ETH
