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Binance founder Changpeng Zhao thanked the U.S. Secret Service, law enforcement agencies and industry participants for helping trace and freeze stolen funds within minutes of a recent hack worth more than $6 billion, adding that the effort remains ongoing.
In a post on X, Zhao said the swift response and professionalism helped contain the damage and reduce risks that could have spread beyond the crypto market into traditional financial markets. Zhao added that the U.S. Secret Service is continuing its investigation into the Binance hack.