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Builders in Fintech

US and private firms freeze over $2.7 billion of crypto stolen from Binance

The Department of Justice says government and private-sector efforts froze more than $2.7 billion of over $6 billion taken from Binance around Oct. 29. Court authorization covers seizure or restraint of over $1.2 billion. Binance says it has covered affected assets, committing more than $6.34 billion, and will replenish its SAFU fund.

By Builders in Fintech deskAutomated summary

US and private firms freeze over $2.7 billion of crypto stolen from Binance
Image: pymnts.com

The Department of Justice says government and private-sector efforts froze more than $2.7 billion of over $6 billion taken from Binance around Oct. 29. Court authorization covers seizure or restraint of over $1.2 billion. Binance says it has covered affected assets, committing more than $6.34 billion, and will replenish its SAFU fund.

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