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Binance's CZ Credits FBI for Preventing Larger Bitcoin Price Drop After $6.3 Billion Hack
Binance founder Changpeng Zhao (CZ) stated on November 1 that the Federal Bureau of Investigation (FBI) and other U.S. law enforcement agencies helped prevent an even steeper Bitcoin (BTC) price crash following the exchange's massive $6.3 billion security breach. CZ noted that these agencies assisted in tracking and freezing funds, which contributed to Bitcoin finding stability around $78,000 after initially tumbling below $77,000. This follows the FBI's October 31 announcement identifying North Korean cybercrime group TraderTraitor as being behind the October 29 hack.
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