On Nov 1, @cz_binance posted:$ARIA $LYN $1000CAT
> "US Law Enforcement agencies (FBI, USSS, IRS and more) provided vital help in this incident, including tracking, freezing, etc. A tweet can't fully express our gratitude. Many crypto bros may not realize, a lot of the 'why bitcoin didn't drop more?' credit goes to them."
Then on Nov 2 he added:
> "Your speed, expertise, and dedication helped contain the damage and reduce the risk of potential ripple effects across crypto and, may I say, even the broader financial markets... You acted within minutes to help track and freeze stolen funds, and the work continues."
*Context:*
- The FBI on Oct 31 formally attributed the $6.3B theft on Oct 29 to North Korea's TraderTraitor group. Joint investigation with Secret Service and IRS-CI.
- Secret Service confirmed Nov 1 they started freezing funds within minutes of the hack with industry partners. Binance says about *$3 billion* has been frozen on-chain so far — including 378.7M USDT frozen by Tether on Tron alone.
- Bitcoin dropped to ∼$76K on Oct 29-30, then stabilized around $78K. CZ credited that stabilization to the rapid freeze action preventing the hackers from dumping.
- Binance said it has already replenished 90% of stolen assets from its treasury, futures insurance fund, and SAFU fund, and will cover 100% users not affected. It reopened withdrawals Nov 1 (phased for 15 networks) but saw $3.64B in outflows, 2.1% of assets, in the first 12 hours.
> "US Law Enforcement agencies (FBI, USSS, IRS and more) provided vital help in this incident, including tracking, freezing, etc. A tweet can't fully express our gratitude. Many crypto bros may not realize, a lot of the 'why bitcoin didn't drop more?' credit goes to them."
Then on Nov 2 he added:
> "Your speed, expertise, and dedication helped contain the damage and reduce the risk of potential ripple effects across crypto and, may I say, even the broader financial markets... You acted within minutes to help track and freeze stolen funds, and the work continues."
*Context:*
- The FBI on Oct 31 formally attributed the $6.3B theft on Oct 29 to North Korea's TraderTraitor group. Joint investigation with Secret Service and IRS-CI.
- Secret Service confirmed Nov 1 they started freezing funds within minutes of the hack with industry partners. Binance says about *$3 billion* has been frozen on-chain so far — including 378.7M USDT frozen by Tether on Tron alone.
- Bitcoin dropped to ∼$76K on Oct 29-30, then stabilized around $78K. CZ credited that stabilization to the rapid freeze action preventing the hackers from dumping.
- Binance said it has already replenished 90% of stolen assets from its treasury, futures insurance fund, and SAFU fund, and will cover 100% users not affected. It reopened withdrawals Nov 1 (phased for 15 networks) but saw $3.64B in outflows, 2.1% of assets, in the first 12 hours.
