Binance Says It Worked With FBI, Other Agencies to Recover Stolen Funds, Freeze $3 Billion
JH Kim
Summary
- Binance said it is working with US law enforcement agencies including the FBI to recover stolen funds.
- Binance said a total of $3 billion has been frozen in the process of tracking and recovering stolen funds.
- It said the actual amount recovered from the frozen funds and the amount returned to victims has not been disclosed.
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Binance, the global cryptocurrency exchange, said it has been working with the Federal Bureau of Investigation and other law enforcement agencies to recover stolen funds. The amount frozen so far totals $3 billion.
Cointelegraph reported on Oct. 30 that the exchange has been working with the FBI and other law enforcement agencies to track and recover stolen funds.
A total of $3 billion has been frozen in that process so far.
Binance did not disclose how much of the frozen funds has actually been recovered or how much has been returned to victims.
JH Kim
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