🚨 #Binance The asset-freezing story is heating up: but “freezing” doesn’t mean the money will automatically come back!
The attacker is reportedly racing to move billions of dollars in stablecoins into crypto before Tether and Circle step in. Here’s what stands out: experts remain divided over how effective freezing assets is, because tracing a wallet doesn’t necessarily mean the assets can be recovered. 🕵️
Meanwhile, the market hasn’t panicked:
📌 $BTC Trading sideways around $77,400, up 0.598% in 24h
📌 SOL up 2.85%, ETH up 1.77%
📌 SOPH leading the rally at +66.406%; BEAMX +47.348%; LSK +38.803%
Tether also reported Q3 profits of $1.5 billion, nearly $8 billion in excess reserves, and Bitcoin holdings worth $8.37 billion. But amid the hack and asset-freezing news, money is clearly still being CAUTIOUS.
Don’t FOMO over a few green candles: spread out your capital, set stop-losses, and avoid high leverage while breaking news is still unfolding. Do you think freezing assets is enough to stop the stolen funds from moving? 👇
#BinanceSquare #Crypto
The attacker is reportedly racing to move billions of dollars in stablecoins into crypto before Tether and Circle step in. Here’s what stands out: experts remain divided over how effective freezing assets is, because tracing a wallet doesn’t necessarily mean the assets can be recovered. 🕵️
Meanwhile, the market hasn’t panicked:
📌 $BTC Trading sideways around $77,400, up 0.598% in 24h
📌 SOL up 2.85%, ETH up 1.77%
📌 SOPH leading the rally at +66.406%; BEAMX +47.348%; LSK +38.803%
Tether also reported Q3 profits of $1.5 billion, nearly $8 billion in excess reserves, and Bitcoin holdings worth $8.37 billion. But amid the hack and asset-freezing news, money is clearly still being CAUTIOUS.
Don’t FOMO over a few green candles: spread out your capital, set stop-losses, and avoid high leverage while breaking news is still unfolding. Do you think freezing assets is enough to stop the stolen funds from moving? 👇
#BinanceSquare #Crypto