Binance Hack Probe Brings in U.S. Agencies as Crypto Firms Freeze Tokens

Crime · First reported 30 Oct, 11:53 · Updated 16:18

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

Binance is cooperating with the FBI, the U.S. Secret Service and other law-enforcement agencies after a reported $6.3–$6.4 billion theft. Circle and Tether say they froze tokens connected to the incident, while Binance says it will cover losses and has suspended withdrawals during a security review.

A person familiar with the situation told Reuters that Binance is working with law enforcement, including the FBI and U.S. Secret Service; the FBI said it was coordinating investigative steps with public and private partners.
The reports put the stolen amount at $6.3 billion and $6.4 billion, respectively. Circle reported freezing more than $800 million in USDC, while Decrypt reported Tether froze more than $1.567 billion in USDT.

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Key facts

Reported theft: CNA: $6.3 billion; Decrypt: $6.4 billion.
Agencies involved: FBI and U.S. Secret Service, among other law-enforcement agencies.
Circle freeze: More than $800 million in USDC, according to Decrypt.
Tether freeze: More than $1.567 billion in USDT, according to Decrypt.
Binance response: The company said it would cover losses and had located or frozen approximately $3 billion with industry partners.
Withdrawals: Suspended during Binance’s review of its security infrastructure.