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How Did the Binance Hacker Get Away With Stolen Funds Even After Tether and Circle Froze Billions?

Reported by Nicole D'souza, CryptoNewsLand

Image: CryptoNewsLand

How did the Binance hacker get away with stolen funds. Despite Tether and Circle freezing assets, the hacker moved funds. Can Binance recover funds or will they suspend withdrawals for longer than 48 hours? The crypto market witnesses one of the greatest hacks in crypto history in the last 24 hours. In detail, over $6 billion in funds was attacked on the most prominent crypto centralized exchange, Binance. The community response was immediate as both Tether and Circle moved to freeze billions in USDT and USDC. Yet, the hacker got away with around $3 billion.

This is an excerpt. The reporting belongs to CryptoNewsLand.

Read the full report on cryptonewsland.com
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