COINTELEGRAPH · 2026-11-09 13:30 UTC

The $2.85B Binance hackers lost shows why the UK needs stablecoin freeze rules

The FBI said North Korea was behind the $6.3 billion Binance hack, described as the largest heist on record. About $2.85 billion of the stolen funds has been frozen, and 94% of that frozen amount was held in stablecoins. Tether froze funds 37 minutes after the stolen money reached the hackers' wallet, and Circle followed three minutes later, while the hackers had swapped $325 million of USDT for Ether within the first hour.

Loading the story on Tree News…