If Crypto Can Be Frozen, Is It Yours?
By Jeff Albus
AI summary of the source article
Following a $6.43 billion hack of Binance on Oct. 29, Tether, Circle, and the Arbitrum network's oversight council froze or seized approximately 44% of the stolen assets.
Key facts
- Hackers took $6.43 billion from Binance on Oct. 29, with about 44% of the stolen funds now frozen or seized.
- Circle froze $823 million in stolen USDC minutes after Tether froze the hackers' USDT.
- Arbitrum's 12-person Security Council used nine signatures to move 8,425 ETH and 74.6 million ARB out of the hackers' address without their key.
Source excerpt · Unchained
Hackers took $6.43 billion from Binance on Oct. 29, according to blockchain analytics firm Elliptic. Within about an hour, Tether and Circle, the companies behind the USDT and USDC stablecoins, had frozen most of the stolen dollars. That evening, a council that oversees the Arbitrum network moved the hackers’ ether ... The post If Crypto Can Be Frozen, Is It Yours? appeared first on Unchained .