Binance recovers its stolen $6.3B – But U.S. authorities have frozen $2.7B already

After the largest hack in the history of crypto, Binance has announced that it has fully recovered all $6.3 billion in digital assets stolen during the cyberattack. For those unaware, Binance initially recovered most of the stolen assets within days using company profits and emergency reserves, while the remaining 10% required additional time. Binance makes a comeback Well, the hack was so widespread that the operation involved more than 20,000 wallets and at least 65,000 transactions within a week, according to blockchain analytics firm Elliptic. Of that, around $430,000 was also reportedly laundered through memecoins. Chainalysis also identified Chinese money-laundering networks as part of the cash conversion process.

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