If Crypto Can Be Frozen, Is It Yours?
Headline from Unchained
Key points
- On October 29, hackers stole $6.43 billion from Binance, based on data from Elliptic.
- Tether and Circle quickly froze the majority of the stolen USDT and USDC stablecoins within approximately one hour of the incident.
- Later that evening, the council managing the Arbitrum network took action regarding the perpetrators' ether holdings.
Summarized automatically by Kryptokite from reporting by Unchained. Read the original sources for full detail.
Coins mentioned
Sources
- UnchainedIf Crypto Can Be Frozen, Is It Yours? · 17 minutes agoRead on Unchained
Story timeline
- BreakingThe Block1 min read2 sources
Anchorage Digital seeks CFTC swap dealer registration for crypto options business
- Crypto Briefing1 min read
Bitcoin, Ether drop as $370M in leveraged positions liquidated in an hour
- The Defiant1 min read
Binance Asks ArbitrumDAO to Release Frozen ETH and ARB
- CryptoPotato1 min read
Ethereum (ETH) Price Analysis: Why Reclaiming $2.5K Is Do-or-Die for the Bulls
- Crypto Briefing1 min read
Zilliqa pivots to Ethereum Layer 2 for regulated institutions
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Kryptokite links to the original reporting and never republishes full articles. Summaries are written automatically and may contain mistakes; nothing here is financial advice.