U.S. Secret Service: Freezing began within minutes of the Binance hack; 6 agencies are investigating together. How much money can be recovered?
Last night (Nov. 2, 02:11 Beijing time), the U.S. Secret Service posted on its official X account that it is still investigating the theft of more than $6 billion in cryptocurrency from Binance Global.
Three things can be confirmed from its statement:
1. Timeline: “Within minutes” of the incident on Thursday afternoon, Secret Service investigators worked with industry partners to identify and freeze a “significant portion” of the stolen funds.
2. Participating agencies: In addition to the Secret Service, it named six other agencies—the FBI, IRS Criminal Investigation, the U.S. Attorney’s Office for the District of Columbia, the U.S. Attorney’s Office for the Central District of California, the Justice Department’s Computer Crime and Intellectual Property Section, and the Justice Department’s National Security Division.
3. Address list: The link it provided points to an FBI alert page listing addresses that hold or have held stolen assets. This is the alert in which the FBI named North Korea yesterday, so I won’t repeat that here.
Now, what it didn’t say: The Secret Service gave no figure for how much was frozen, nor did it say which assets were frozen. “A significant portion” is a description, not an amount. Binance previously said that about $3 billion had been frozen—that’s Binance’s account. Don’t combine the two statements into “the Secret Service froze $3 billion.”
Why the Secret Service? It doesn’t just protect the president; investigating financial crimes and cyber fraud has long been part of its core mission.
To put it bluntly: The involvement of seven agencies means this case could take a long time to investigate; it doesn’t mean all the money will be recovered. The portion already converted to ETH and moved into DeFi can’t simply be paused with a meeting.
For ordinary people: Treat any DMs or calls claiming to “work with the Secret Service/FBI to recover your funds” or “help you register for compensation” as scams.
Do you think “freezing funds within minutes” will become standard practice in major cases going forward?
#币安 #安全事件 #USSecretService
Last night (Nov. 2, 02:11 Beijing time), the U.S. Secret Service posted on its official X account that it is still investigating the theft of more than $6 billion in cryptocurrency from Binance Global.
Three things can be confirmed from its statement:
1. Timeline: “Within minutes” of the incident on Thursday afternoon, Secret Service investigators worked with industry partners to identify and freeze a “significant portion” of the stolen funds.
2. Participating agencies: In addition to the Secret Service, it named six other agencies—the FBI, IRS Criminal Investigation, the U.S. Attorney’s Office for the District of Columbia, the U.S. Attorney’s Office for the Central District of California, the Justice Department’s Computer Crime and Intellectual Property Section, and the Justice Department’s National Security Division.
3. Address list: The link it provided points to an FBI alert page listing addresses that hold or have held stolen assets. This is the alert in which the FBI named North Korea yesterday, so I won’t repeat that here.
Now, what it didn’t say: The Secret Service gave no figure for how much was frozen, nor did it say which assets were frozen. “A significant portion” is a description, not an amount. Binance previously said that about $3 billion had been frozen—that’s Binance’s account. Don’t combine the two statements into “the Secret Service froze $3 billion.”
Why the Secret Service? It doesn’t just protect the president; investigating financial crimes and cyber fraud has long been part of its core mission.
To put it bluntly: The involvement of seven agencies means this case could take a long time to investigate; it doesn’t mean all the money will be recovered. The portion already converted to ETH and moved into DeFi can’t simply be paused with a meeting.
For ordinary people: Treat any DMs or calls claiming to “work with the Secret Service/FBI to recover your funds” or “help you register for compensation” as scams.
Do you think “freezing funds within minutes” will become standard practice in major cases going forward?
#币安 #安全事件 #USSecretService
