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How do they freeze funds?

Freezing funds in the decentralised world of crypto is challenging. Exchanges can block accounts on their own platforms, but once funds move to other wallets or exchanges, tracing and freezing them requires cooperation across the crypto ecosystem. Binance's ability to freeze half the funds suggests some success in tracking the stolen assets.

Stories that explain this

Binance halts withdrawals after $6.3bn hack, freezing half the stolen funds

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