CZ thanks Secret Service for freezing funds after $6B Binance hack

Binance founder Changpeng Zhao has thanked the U.S. Secret Service and federal investigators for helping freeze stolen cryptocurrency following the more than $6 billion hack of the exchange last week. Summary Binance founder Changpeng Zhao thanked the US Secret Service and other federal agencies for responding within minutes of the $6 billion hack and helping freeze a significant portion of the stolen cryptocurrency. The Secret Service confirmed that investigators worked with industry partners shortly after the October 29 attack to identify and freeze stolen assets, although the agency did not disclose the exact amount secured. The FBI attributed the theft to North Korean hackers known as TraderTraitor and said the attackers were converting stolen cryptocurrency primarily into Ethereum, with further laundering through DeFi and instant swap services expected. Zhao said the quick response from investigators and cryptocurrency industry partners helped contain the damage and reduce the risk of further disruption across crypto and traditional financial markets. In a November 2 post on X, Zhao, commonly known as CZ, praised the agencies and industry partners for responding within minutes...