The US government just moved to seize $1.2 billion stolen from Binance.
The Department of Justice got court approval to seize or restrain more than $1.2 billion tied to the Binance hack, and disrupted a separate North Korean crypto theft scheme in the same action. (The Block)
It lands in a brutal week — BTC fell under $67,000 overnight, its lowest since August, with a seventh straight day of ETF outflows. But enforcement actions like this cut the other way long-term: stolen funds getting recovered is the system working, not failing.
$BNB
Take: hacks make headlines; recoveries rarely do — this one is worth noting.
#BNB #Binance #writetoearn #Crypto
The Department of Justice got court approval to seize or restrain more than $1.2 billion tied to the Binance hack, and disrupted a separate North Korean crypto theft scheme in the same action. (The Block)
It lands in a brutal week — BTC fell under $67,000 overnight, its lowest since August, with a seventh straight day of ETF outflows. But enforcement actions like this cut the other way long-term: stolen funds getting recovered is the system working, not failing.
$BNB
Take: hacks make headlines; recoveries rarely do — this one is worth noting.
#BNB #Binance #writetoearn #Crypto
