BLOOMBERG · 2026-11-02 19:15 UTC

Binance Got Some Money Back

Binance was hacked for approximately $6.3 billion in customer cryptocurrencies, reportedly the largest crypto hack ever, with hackers allegedly from North Korea. Tether froze over $1.5 billion and Circle froze $800 million in stablecoins related to the Binance hack. The response involved freezing affected currency at stablecoin issuers, resembling traditional finance fraud recovery procedures.

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