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FBI Urges Crypto Exchanges to Help Freeze Funds from Binance Hack

The bureau called on trading platforms and blockchain operators to halt the movement of billions of dollars stolen in the North Korean cyberattack.


The FBI headquarters in Washington, D.C., 2024
The FBI headquarters in Washington, D.C., 2024 · Photo: Tony Webster · CC BY 2.0 · Wikimedia Commons

The Federal Bureau of Investigation (FBI) has called on cryptocurrency exchanges, blockchain infrastructure operators, and digital asset service providers to assist in preventing stolen funds from the Binance hack from moving further through the system. According to reports by The Jerusalem Post and Euronews, the attack attributed to North Korea is being described as the largest crypto heist in history, with over $6 billion stolen in roughly 20 minutes.

The outreach to industry operators is aimed at stopping the hacker group from laundering the illicit assets across the decentralized financial ecosystem. Further details regarding the level of cooperation by the various platforms have not yet been released.

Sources: Jerusalem Post — front page, Euronews.com

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