Experts divided over Binance hack asset freezes, warn recovery is another matter
Source: CoinDesk ·
From the source
Tether, Circle and others moved within hours to block billions in stolen crypto, but legal experts question whether smaller victims would get the same protection. When alleged North Korean hackers stole $6.3 billion from Binance, some of crypto’s biggest companies acted within hours to stop nearly half the money from vanishing forever. Tether, Circle, Ripple and World Liberty Financial froze billions of dollars in stolen tokens, drawing praise for their speedy action, but raising a question: Why doesn’t every hack victim get the same treatment? Legal and industry experts largely supported the decision to freeze the assets. But they questioned whether the companies applied the same standards used in previous hacks or made an exception because of Binance's size and the scale of the theft. They also warned that freezing stolen funds is not the same as recovering them. The debate follows Thursday's record $6.3 billion Binance hack , which blockchain investigators have linked to North…