Binance reopens withdrawals after hack; THORChain co-founder objects
In short
Binance reopened withdrawals after what the source called the world’s biggest ever hack. The report says about $3.64 billion fled Binance on reopen, and THORChain’s co-founder opposed freezing coins to meet FBI demands.
This matters because users may move money out again and the protocol may face pressure over compliance. The reporting does not say what assets were hit or whether any freeze happened.
What the reporting says
Binance reopened withdrawals after the world’s biggest ever hack, according to the source summary, and THORChain co-founder said the protocol should not be halted to satisfy FBI demands. The reporting does not state the size of the hack, which assets were affected, or whether any freeze was ultimately imposed. The immediate consequence is renewed movement of funds, while the dispute over compliance remains unresolved.
Why it matters
Binance reopened withdrawals after the reported hack, and the source summary says $3.64 billion fled on reopen. THORChain’s co-founder opposed stopping the protocol to comply with FBI demands. The reporting links the event to Binance users, THORChain’s protocol governance, and law-enforcement pressure, but it does not say which coins were involved, whether any assets were frozen, or what the final outcome was.