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Experts Disagree on Effectiveness of Asset Freezes After Binance Hack
(3 hours ago) · 1 source · Summarized by CryptoBipto
Following a hack involving Binance, experts are divided on whether freezing stolen assets will lead to meaningful recovery. While some assets have been frozen, analysts warn that actually recovering the funds remains a separate and more difficult challenge.
WHY IT MATTERS
When a crypto exchange gets hacked, one of the first things that happens is an attempt to 'freeze' the stolen funds.
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SOURCES
- coindesk.com
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BNBExchange SecurityAsset RecoveryBinanceCrypto Hacks