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Connect scattered updates into a story you can understand.
He Yi stated that Binance is coordinating with U.S. companies and law enforcement agencies to freeze and recover assets, and said that FBI the intervention was efficient.
Dragonfly Managing Partner Haseeb Qureshi said Binance's latest losses were slightly more than 6000000000 USD, but both market declines and capital outflows were limited. Binance said it is working with multiple parties to trace, freeze, and recover affected assets.
1inch stated that, within 1 hours after the incident, it blocked Binance vulnerability-related addresses and shared the list with parsers and integrators. It stated that the stolen 1INCH cannot be frozen due to the ERC-20 mechanism.
Ballet founder Bobby Lee said that Binance Bitcoin stolen in the hacking incident may be irretrievable, while stablecoins may be handled through freezing and cooperation with law enforcement.
SecondFi stated that some affected users' recoverable NIGHT balances are displayed incompletely; underpaid shortfalls will be reissued, and balances will be corrected today.
Initia stated that, in response to the security vulnerability discovered by October 23, the remediation plan has been drafted and entered a security audit. Upon completion of the audit, it will announce a plan to restore asset backing and restart the networks in an orderly manner.
According to CoinDesk, Trump plans to present the government's actions against overseas organizations using cryptocurrency for fraud at a White House cybercrime event. The White House said it has frozen approximately 833000000 USD related crypto assets and seized 503 fraudulent websites.
The High Court of England and Wales granted Chinese victims in the Qian Zhimin case permission to appeal the property rights dispute involving more than 60000 bitcoins.
BitMart A preliminary user asset recovery plan subject to court approval was announced, with account balances to be converted into USD before offering options including upfront distribution, recovery tokens, and continuation tokens. The company said it will solicit the views of users with the 50 largest balances and disclose the estimated recovery rates.
Velocity said it has relaunched following security upgrades, third-party audits, and open-sourcing of its code; co-founder Cindy also announced her departure, while the existing team will continue operations.
Binance Co-Chair CEO Richard Teng said that the Binance security team is assisting Bitget by sharing intelligence, tracking stolen funds, and supporting asset recovery.
A PANews channel reposted an article stating that Bitget exchange was reportedly hit by 350000000 USD a hacker attack, and introducing the process by which exchanges, cross-chain protocols, and law enforcement agencies collaborate to track and recover the assets.
