US Secret Service Working With Circle, Private Firms to Track Funds Stolen From Binance
JH Kim
Summary
- The US Secret Service said it is working with Circle and other private companies to track and recover funds stolen from Binance.
- Investigators are coordinating with private-sector partners to identify and freeze funds taken from Binance.
- The Secret Service said it is tracing and recovering the stolen funds, but did not disclose the scale of the losses or the amount recovered.
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The US Secret Service said it is working with private companies, including Circle, to track and recover funds stolen from Binance.
Walter Bloomberg reported on October 30 that investigators are coordinating with private-sector partners to identify and freeze assets taken from Binance.
Those partners include Circle, the issuer of the USDC dollar stablecoin.
The Secret Service said it is also tracing the movement of the stolen funds and pursuing recovery efforts. It did not disclose the size of the losses or the amount recovered.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.