Crypto

Binance working with FBI to recover assets following $6.3B hack

Summary

Cryptocurrency exchange Binance is cooperating with law enforcement agencies to retrieve frozen digital assets. The platform previously allocated funds from its own reserves to address a multi-billion dollar financial shortfall following a major cyber attack.

Binance is working with law enforcement to recover $3 billion that is frozen, after setting aside more than $6.3 billion from the company’s funds to cover the shortfall.

Source: Read the full story at Cointelegraph.com News

Follow Tech & Money Press for daily watchlists and market news

XFacebookInstagramTikTok
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.
About UsContactPrivacy PolicyDisclaimer
Not financial advice. Curated headlines link to their original publishers.