Some political and administration figures tried to make hay of the biggest-ever crypto heist.
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Binance $6.3B record hack sparks pre-election political clashes
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US Sanctions Two Russians Over North Korean IT Workers’ Crypto Cash-Outs
The US action targets the cash-out stage of a scheme that the UN estimates generates $250 million to $600 million annually for North Korea.
Policy
Why CFTC's Federal Option for Centralized Exchanges Just Got Harder to Ignore
A $6 billion Binance theft makes the CFTC's voluntary federal option for centralized exchanges harder to ignore. Here is why. The post Why CFTC's Federal Option for Centralized Exchanges Just Got Harder to Ignore appeared first on BeInCryp…
Policy
This Is What Binance Has Done Following $6.3B Hack
The exchange revoked affected address authorizations and is working with law enforcement and blockchain firms to trace and recover assets.
Policy
Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says
Michael Selig said the record $6.4 billion theft shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards.