Follow UsBinance hackers raced to move billions before it could be frozen
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30 Oct, 22:00
Source: Cointelegraph
AI Summary
A major security breach at Binance prompted attackers to rapidly convert stolen stablecoins into un-freezable assets, while Tether and Circle worked to immobilize the compromised funds.
Attackers raced to convert stolen stablecoins into crypto that issuers could not freeze as industry players like Tether and Circle moved to immobilize billions of dollars in assets.