Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million
Summary
Federal law enforcement agencies are assisting Binance in investigating a major security breach affecting the platform. Meanwhile, Circle has frozen a substantial amount of cryptocurrency connected to the incident, and the exchange has allocated significant reserves to address potential losses.
Binance says it has set aside $6.34 billion to cover losses from the breach and the FBI and Secret Service are now working with the exchange as investigators trace the stolen funds.
Source: Read the full story at Decrypt
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