Hacking News
Binance Hack: FBI and Secret Service Investigating $6.4 Billion Theft
Binance, a cryptocurrency exchange, has set aside $6.34 billion to cover losses from a breach. The FBI and U.S. Secret Service are now working with Binance to trace the stolen funds. Circle, the company behind USDC, a stablecoin, has frozen more than $800 million in assets connected to the attack. Tether, another stablecoin issuer, has frozen another $1.5 billion in USDT tokens. The Secret Service is investigating financial crimes, including digital currency crimes, as part of its responsibilities.