Twenty-four hours after the Binance hack, the case became a matter of the White House and US federal agencies. Donald Trump said he was examining the situation, while Michael Selig, chairman of the Commodity Futures Trading Commission, advocated requiring foreign cryptocurrency platforms to register with the CFTC. The FBI and the Secret Service are tracking the stolen funds with assistance from Circle, which has already frozen about $823 million in stablecoins. Chainalysis attributed the $6.4 billion theft to the North Korean TraderTraitor group and reported that $2.8 billion had been frozen. Binance plans to resume withdrawals on Sunday and has set aside $6.34 billion to cover losses, although it is not legally required to honour that promise.
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