Federal Reserve and Office of the Comptroller of the Currency supervisors began contacting US banks on Monday to ask about unusual activity or service disruptions after the $6.3 billion Binance hack, Reuters reported, as summarized by Bitcoin Magazine and Protos. One bank reported no disruptions, and Crypto Insiders stressed the outreach is a precaution, not evidence the attack reached US banks. Binance said: “We are in close contact with regulators all over the world.” Binance says the intrusion began with a fake job interview and that about $2.85 billion was frozen or intercepted.
Bloomberg reported on November 4 that the T3 Financial Crime Unit, launched in September 2024 by Tron, Tether and TRM Labs and later joined by Binance, shut down in late August after the alliance broke down over slow response times and poor coordination. None of the companies had announced the closure. A Tron DAO spokesperson said: “While the very successful T3 program has concluded,” and that Tron will share details of a new initiative later. T3 reported freezing more than $450 million in illicit USDT. Tether said it froze more than $1.567 billion in USDT after the attack, and Elliptic said about $220 million in stolen TRX was laundered through Tron.
Separately, Binance removed all API keys linked to trading terminal SignalPlus on Thursday as a precaution after SignalPlus reported a hack. Binance said: “Binance’s own systems are unaffected. User funds remain safe.” Deribit also removed SignalPlus keys. SignalPlus said less than $82,000 in user funds was stolen, that the attacker used a compromised Telegram account of a third-party partner and a fake Microsoft Teams invitation, and that it will reimburse users.
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Sources:
Bitcoin Magazine: Fed and OCC quiz U.S. banks after $6.3 billion Binance hack
Protos: Binance hack spooks US gov’t into checking on banks, report
Bitcoin Magazine: Tether and Tron quietly scrapped T3 crime unit
Protos: Binance drops SignalPlus API keys after potential hack
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