Behind every response to an attack, there is also collaboration.
Binance reported on October 30 that approximately US$3 billion of the affected assets had been frozen, as part of its work with various industry participants and authorities.
What does that mean?
Freezing certain assets prevents them from continuing to circulate. It is an important step toward limiting their movement and advancing the recovery process.
Returning the assets requires additional action, but stopping their movement is already progress worth understanding.
These cases show why cooperation between platforms, issuers, and investigators can be so important in protecting the ecosystem.
Did you know the difference between freezing funds and completing their recovery?
#Binance #CryptoSecurity #DPANDA
$BNB $BTC $USDT
Binance reported on October 30 that approximately US$3 billion of the affected assets had been frozen, as part of its work with various industry participants and authorities.
What does that mean?
Freezing certain assets prevents them from continuing to circulate. It is an important step toward limiting their movement and advancing the recovery process.
Returning the assets requires additional action, but stopping their movement is already progress worth understanding.
These cases show why cooperation between platforms, issuers, and investigators can be so important in protecting the ecosystem.
Did you know the difference between freezing funds and completing their recovery?
#Binance #CryptoSecurity #DPANDA
$BNB $BTC $USDT
