š„BREAKINGš„ $2.7B of the funds stolen in the Binance ($BNB ) hack is now frozen, and the US DOJ has moved in court on $1.2B of it.
šØ DOJ announced court-authorized action on $1.2B+ tied to North Korea's "TraderTraitor" group
š§ Coordinated freezes, including stablecoin issuers, total more than $2.7B of the ~$6.3B taken on Oct 29
š¦ Binance ($BNB )says it has fully covered the $6.34B loss from SAFU, its futures insurance fund and corporate treasury
š A new proof-of-reserves snapshot was taken Nov 12 across 198 tokens; the zk proof needs another 40ā50 hours
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Does this freeze change how you see $BNB and exchange risk? š
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#bnb #CryptoNew #Write2Earn #BREAKING #Binance
Educational content, not financial advice. DYOR.
Does the $2.7B freeze ease the hack fallout?
šØ DOJ announced court-authorized action on $1.2B+ tied to North Korea's "TraderTraitor" group
š§ Coordinated freezes, including stablecoin issuers, total more than $2.7B of the ~$6.3B taken on Oct 29
š¦ Binance ($BNB )says it has fully covered the $6.34B loss from SAFU, its futures insurance fund and corporate treasury
š A new proof-of-reserves snapshot was taken Nov 12 across 198 tokens; the zk proof needs another 40ā50 hours
______________________________________________________
Does this freeze change how you see $BNB and exchange risk? š
______________________________________________________
#bnb #CryptoNew #Write2Earn #BREAKING #Binance
Educational content, not financial advice. DYOR.
Does the $2.7B freeze ease the hack fallout?
Yes, big relief
Partly
Not until PoR is verified
19 hr(s) left