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Project update
FBI and Secret Service work with Binance to recover $6.3B hack funds

FBI and Secret Service work with Binance to recover $6.3B hack funds

Binance said on Friday it is cooperating with law enforcement worldwide after the record exploit, and a source named the FBI and the US Secret Service among the agencies involved. The exchange's own post did not specify which agencies it is working with.


The focus is recovery: about $3B of the stolen funds has already been frozen by industry partners, and Binance is working with authorities to get those assets back.



Binance has reserved more than $6.34B of company funds to cover the losses, with $5B already held in the exact tokens that were stolen.


US agencies have recovered exchange-hack loot before: in 2022 the FBI helped seize 94,000 BTC tied to the 2016 Bitfinex hack, then worth $3.6B.