COINDESK · 2026-10-30 19:55 UTC

Experts divided over Binance hack asset freezes, warn recovery is another matter

Binance suffered a $6.3 billion hack allegedly by North Korean hackers; Tether, Circle, Ripple, and World Liberty Financial froze nearly $3 billion in stolen tokens within hours. Legal experts support the asset freezes but question whether stablecoin issuers applied consistent standards or made an exception for Binance's size, and warn that freezing is not the same as recovery. Industry figures debate a potential double standard, noting smaller hack victims receive less immediate help, while stablecoin issuers face liability risks from freezing decisions.

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