Here is the English translation:
Following the alleged theft of $6.3 billion in crypto assets from Binance by North Korean hackers, companies including Tether, Circle, Ripple, and World Liberty Financial froze billions of dollars worth of the stolen tokens within hours, preventing nearly half of the funds from escaping. Legal and industry experts broadly supported the decision to freeze the assets, but questioned whether these companies apply the same standards to all hacking victims, or whether an exception was made given Binance's scale and the enormous size of the theft. They also warned that freezing stolen funds is not the same as actually recovering them. Binance has stated that it has set aside $6.34 billion in company funds to cover customer losses, and has frozen approximately $3 billion in stolen assets. Circle CEO Jeremy Allaire confirmed that over $800 million in USDC had been frozen in coordination with law enforcement. Tether CEO Paolo Ardoino confirmed that more than $1.567 billion in USDT had been frozen. Experts noted that freezing is only the first step, and recovering the funds may require a court order, with stablecoin issuers also facing potential liability when carrying out freezes.
Experts are divided on the freezing of stolen assets by Binance, warning that recovering the funds is another matter.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
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1
ETH inter-exchange spread reaches 1.11%
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2
The Nikkei 225 index is down 2.72% from its previous close, currently at 62,903.43.
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Tether, Circle, Ripple, and other stablecoin issuers have frozen over $2.6 billion in assets linked to suspected security breaches at Binance.
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4
Samsung Electronics fell 4.31% from its previous close, now trading at ₩222,000.
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5
South Korea's KOSPI index is down 4.77% from its previous close, currently at 5,654.61.
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Lookonchain: Binance hackers are selling PEPE, UNI, LINK, and other tokens, still holding over $150 million worth of various altcoins.
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SK Hynix is down 5.9% from its previous close, now trading at ₩1,436,000.
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Taiwan's TAIEX fell 2.68% from its previous close, currently at 45,125.33.
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Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
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10
CNBC analysis suggests that Intel's stock may continue to fall after its significant decline, but selling now would not recover losses.
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