Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million
Summary
Binance is working with the FBI, Secret Service and other law enforcement agencies to investigate a reported $6.4 billion theft. Circle froze more than $800 million in associated USDC, while Tether froze about $1.57 billion in USDT. Binance says it will cover customer losses, has reserved more than $6.34 billion, and that roughly $3 billion has been located or frozen. Blockchain intelligence firms linked the theft to TraderTraitor, a North Korean-affiliated group. Binance found no evidence that wallet private keys were exposed; withdrawals remain suspended as it reviews security and prepares to resume them.
