Binance is working with the FBI and Secret Service after hackers stole $6.4B, with Circle freezing $823M in USDC and Tether freezing another $975.1M in USDT. Chainalysis and TRM Labs attribute the att

What happened: Binance is working with the FBI and U.S. Secret Service after hackers stole $6.4 billion from the exchange, per Reuters. Circle froze about $823 million in USDC tied to the attack and Tether froze another $975.1 million in USDT. Key numbers: $6.4 billion stolen; $823 million USDC frozen by Circle; $975.1 million Why it matters: TRM Labs and Chainalysis attributed the attack to TraderTraitor, a North Korean group also linked to the $1.5 billion Bybit hack. Stablecoin issuers can blacklist addresses, immobilizing stolen funds before investigators identify those responsible. Coverage: 8 outlets in 24h

Binance is working with the FBI and U.S. Secret Service after hackers stole $6.4 billion from the exchange, per Reuters. Circle froze about $823 million in USDC tied to the attack and Tether froze another $975.1 million in USDT.

TRM Labs and Chainalysis attributed the attack to TraderTraitor, a North Korean group also linked to the $1.5 billion Bybit hack. Stablecoin issuers can blacklist addresses, immobilizing stolen funds before investigators identify those responsible.