Freezing Assets
Freezing assets means preventing someone from moving or using their money or property. In the context of a theft, freezing stolen funds helps to stop the criminals from spending or hiding the money. Binance worked with partners to freeze a significant portion of the stolen cryptocurrency, which means those funds cannot be easily moved or used by the thieves.
In the news
- Binance Reports $6.3 Billion Crypto Theft, Largest in History Freezing assets means preventing someone from moving or using their money or property. In the context of a theft, freezing stolen funds helps to stop the criminals from spending or hiding the money. Binance worked with partners to freeze a significant portion of the stolen cryptocurrency, which means those funds cannot be easily moved or used by the thieves.