CBS · 2026-10-30 21:05 UTC

How hard is it to recover the $6 billion stolen from Binance?

Hackers stole over $6 billion from Binance in a 20-minute attack attributed to North Korean group 'TraderTraitor'; Binance vowed to cover full losses with company funds. $3 billion in stolen assets have been frozen by stablecoin issuers Circle, Tether, Ripple, and World Liberty Financial within an hour of the attack. Roughly $2.4 billion in bitcoin and ether cannot be frozen as they move on public blockchains; recovery depends on law enforcement seizure warrants and civil forfeiture proceedings.

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