FBI joins Binance investigation after $6.3B hack
Key points
- The FBI and US Secret Service are working with Binance following a reported $6.3 billion cryptocurrency theft.
- The FBI is coordinating with public and private partners to assess the incident and support investigative efforts.
- The investigation adds US law enforcement scrutiny to a breach involving Binance's wallet infrastructure and global cryptocurrency markets.
Binance is working with the FBI and US Secret Service following a reported $6.3 billion cryptocurrency theft, according to Reuters.
The exchange is also coordinating with law enforcement agencies worldwide as investigators examine the breach and trace stolen assets.
“The FBI is aware of the incident and is engaged with relevant public and private partners to understand the scope of the activity, evaluate potential impacts, and coordinate appropriate investigative steps,” the agency said.
The FBI's involvement centres on assessing the incident's scope, evaluating potential impacts and coordinating investigative measures.
Secret Service investigators are also “working around the clock” with private-sector partners to recover stolen funds, a spokesperson told Bloomberg.
The agency is working with private-sector organisations to identify, freeze, trace and recover cryptocurrency linked to the incident.
Binance's cooperation with international law enforcement adds a cross-border dimension to the investigation as authorities examine the reported theft.
The investigation places cryptocurrency exchange security, asset recovery and cooperation between law enforcement agencies under increased scrutiny.
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