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Binance under scrutiny: court-ordered freezes, post-hack progress, and pressure in the U.S.Meanwhile, efforts to trace the funds from the recent historic $6.3 billion attack continue. While issuers such as Tether and Circle managed to freeze nearly half of the loot, and Binance backed the rest with its reserves, new security reports indicate that the attackers are turning to low-liquidity memecoins in an attempt to launder some of the stolen cryptocurrency. Finally, political pressure in Washington is not letting up. The U.S. Senate, led by Senator Richard Blumenthal, asked the platform to provide detailed records before January 2027 as part of an investigation into illicit financial flows.

Binance under scrutiny: court-ordered freezes, post-hack progress, and pressure in the U.S.

Meanwhile, efforts to trace the funds from the recent historic $6.3 billion attack continue. While issuers such as Tether and Circle managed to freeze nearly half of the loot, and Binance backed the rest with its reserves, new security reports indicate that the attackers are turning to low-liquidity memecoins in an attempt to launder some of the stolen cryptocurrency.
Finally, political pressure in Washington is not letting up. The U.S. Senate, led by Senator Richard Blumenthal, asked the platform to provide detailed records before January 2027 as part of an investigation into illicit financial flows.
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