$7 Million in Stolen Bitcoin Frozen by Binance

A renowned blockchain investigator, ZachXBT, revealed that $7 million of stolen cryptocurrency was frozen with the assistance of Binance following a social engineering attack on a long-time Bitcoin holder in the United States. This incident highlights vulnerabilities in the crypto landscape and Binance’s proactive response underscores ongoing efforts to combat illicit activities. The freeze is not expected to significantly impact broader market stability.