US Secret Service teams up with Circle to recover funds stolen from Binance

Circle has frozen over $800 million in USDC tied to the October 29 breach as law enforcement chases approximately $6.3 billion in stolen assets The US Secret Service is working with Circle to claw back funds stolen from Binance. The agency confirmed the partnership on October 30, 2026, one day after a breach that drained approximately $6.3 billion in assets from the world’s largest crypto exchange. That figure places the incident among the largest crypto thefts on record. What happened at Binance The breach hit Binance on October 29, 2026. The attack reportedly unfolded within 20 minutes. Stolen assets moved across ten blockchains. That spread matters because each chain has its own tooling, its own exchanges and its own escape routes for laundered funds. Binance temporarily suspended withdrawals after the breach. The exchange has also pledged to tap its Secure Asset Fund for Users, better known as SAFU, to cover user losses. Binance has set aside over $6.34 billion to cover losses tied to the hack. The exchange says it plans to repay users in the same tokens they lost. Customers who held Bitcoin should get Bitcoin back, not a cash equivalent pegged to some arbitrary moment in time....