- Binance and Huobi Global collaborate to prevent a hacker from laundering funds.
- A Harmony One hacker tried to move his funds through Huobi and Binance helped stop it.
- Together the exchanges were able to recover 124 BTC.
Binance and Huobi, have worked together to stop a massive hack from laundering funds. In detail, a Harmony One hacker tried to launder funds through the leading crypto exchange Huobi Global.
According to the tweets above, we can see how quickly Binance and Huobi worked to stop the hack attempt. Binance announced an hour ago how it detected a Harmony One hacker fund movement.
Immediately, it recognized how this hacker previously tried to launder funds through Binance. Thus, Binance instantly froze his accounts. This time it seems the hacker tried to get the funds through Huobi.
Being the stand-up exchange that they are, Binance assisted Huobi and the team to once again freeze his accounts. By working together, the exchanges were able to recover 124 BTC. The tweet goes on to say how important it is for CeFi exchanges to help protect DeFi transactions.
In line with this, Justin Sun, CEO of Tron and advisor to Huobi Global, also took to Twitter to address the situation. Specifically, Justin Sun says he is proud to have witnessed this swift action from both exchanges.
In fact, he says this swift BTC recovery is all in thanks to the dedicated team and vigilance from Binance and Huobi. He shines light on how this collaboration led to further prevention of loss of laundered funds.
Responses to the tweet shows that the crypto community shares the same view. Justin Sun even interacted with responses and says how this incident is a prime example of how CeFi can work with the community to keep crypto assets safe.
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