Federal law enforcement is working alongside the FBI to trace stolen funds. The update follows $3.64 billion in net outflows after Binance reopened user withdrawals.
Chainalysis reported that attackers behind the $6.3bn Binance breach transferred funds after draining $500m from Tron wallets.
The denial follows rumors linking the $6.3bn hack to a personal relationship between an engineer and an operative, a story Degen News said was never made by analyst ZachXBT.
The exchange processed $4.649 billion in user redemptions following a major security breach, equal to 2.1 percent of its total assets.
The exchange will restart withdrawals after a $6.3bn hack that led Tether to freeze $971m USDT linked to the breach.
The protocolDAO secured the tokens in its Safe wallet as the FBI, Secret Service, Circle, and Tether moved to freeze billions in stolen assets.
The statement came a day after reports linked North Korea to the largest heist in history. Tether has frozen $971m in assets related to the incident.
Changpeng Zhao said the crypto sector will survive the multi-billion dollar loss as Tether freezes nearly $1bn in linked funds and US federal agencies investigate.
Cantor Fitzgerald and TD Cowen say the market recovery remains intact despite a security breach that saw $6.3bn taken from the world's largest exchange.
Federal investigators and private firms are tracking the funds after Tether froze $971m in USDT linked to the breach.
The exchange is collaborating with US federal agencies to investigate a security breach that led to the freezing of $971m in stablecoins.
A crypto wallet associated with the Binance exploit offloaded low-liquidity tokens on Uniswap on 30 October 2026, sending the FUN token down by up to 95 percent.
Stablecoin issuer Tether froze $971 million in USDT linked to suspicious transfers, while Binance has not yet confirmed a security breach.
Brian Armstrong said his team is assisting following reports of a security breach at Binance, which led to Tether freezing $971 million in USDT on 29 October.
The exchange made the commitment on 30 October following reports of suspicious on-chain activity. Tether has already frozen $971 million in USDT linked to the incident.
The Tesla chief executive commented on security risks as Tether froze $971 million in assets linked to suspicious activity on the exchange.
The stablecoin issuer blocked the funds after on-chain data flagged suspicious activity on the exchange. Binance has not yet confirmed a security breach.
Analysts flagged unusual movements on the exchange on 29 October, though the company has not yet confirmed a security breach.
The US Federal Election Commission reported an outage on Tuesday, preventing super political action committees from disclosing last-minute expenditures before the 2026 midterm elections.
South Korea's second-largest exchange said its trading systems and customer funds were unaffected, as financial regulators reported cyberattacks on 16 domestic firms.
