Over $3 billion of the stolen funds has reportedly been frozen. Is that the real story?
Per CryptoTicker's weekly recap, about $6.3 billion left Binance on 29 October, attributed by TRM Labs to North Korea's TraderTraitor, and roughly $3 billion has been frozen. Coindesk notes experts are divided on the freezes and warn that actual recovery is another matter. Withdrawals are targeted to restart Sunday.
Freezes show the industry can coordinate fast. Whether coins come back is a different question.
Which matters more for trust in exchanges: speed of response or full recovery? Tell me yours. $BTC $ETH
#CryptoSecurity #Binance #Hack
Per CryptoTicker's weekly recap, about $6.3 billion left Binance on 29 October, attributed by TRM Labs to North Korea's TraderTraitor, and roughly $3 billion has been frozen. Coindesk notes experts are divided on the freezes and warn that actual recovery is another matter. Withdrawals are targeted to restart Sunday.
Freezes show the industry can coordinate fast. Whether coins come back is a different question.
Which matters more for trust in exchanges: speed of response or full recovery? Tell me yours. $BTC $ETH
#CryptoSecurity #Binance #Hack