🚔 $2.7B OF THE BINANCE HACK IS ALREADY FROZEN
The US Justice Department just put numbers on the Oct 29 heist, which it pins on North Korea's "TraderTraitor" hackers.
$6B+ stolen. More than $2.7B frozen by US agencies and private partners. Over $1.2B cleared by courts for seizure or restraint.
The same day, Binance said it has fully covered every affected user asset from its own money: SAFU, part of the futures insurance fund and the corporate treasury. Its new Proof of Reserves snapshot covers 198 tokens, up from 10 right after the hack. The zero-knowledge proof for 1:1 verification takes about 40–50 hours to generate.
Users are made whole. About half of the loot is stuck. The other half is still moving through bridges and mixers.
How much of the $6.3B gets recovered in the end: under half or over half? $BNB
#Binance #BinanceHack #NorthKorea #CryptoNews
The US Justice Department just put numbers on the Oct 29 heist, which it pins on North Korea's "TraderTraitor" hackers.
$6B+ stolen. More than $2.7B frozen by US agencies and private partners. Over $1.2B cleared by courts for seizure or restraint.
The same day, Binance said it has fully covered every affected user asset from its own money: SAFU, part of the futures insurance fund and the corporate treasury. Its new Proof of Reserves snapshot covers 198 tokens, up from 10 right after the hack. The zero-knowledge proof for 1:1 verification takes about 40–50 hours to generate.
Users are made whole. About half of the loot is stuck. The other half is still moving through bridges and mixers.
How much of the $6.3B gets recovered in the end: under half or over half? $BNB
#Binance #BinanceHack #NorthKorea #CryptoNews
