Changpeng Zhao, widely known as CZ, said Bitcoin did not fall further largely because U.S. law enforcement agencies played a key role after the Binance hack. According to his account, the Federal Bureau of Investigation, the U.S. Secret Service and the Internal Revenue Service helped track and freeze funds tied to the incident. CZ said a single post could not fully express his gratitude and added that many crypto users may not realize how much those agencies contributed to preventing additional downside in Bitcoin. Earlier, the FBI said North Korea was behind the theft of more than $6 billion from Binance. The remarks frame the agencies not only as investigators in the case, but also as an important stabilizing force during a period of market stress tied to the hack.
Changpeng Zhao, or CZ, said Bitcoin did not decline further largely because U.S. law enforcement agencies provided critical assistance in the Binance hack case.
According to CZ, the Federal Bureau of Investigation, the U.S. Secret Service and the Internal Revenue Service helped track and freeze funds. He said one post could not fully express his gratitude, adding that many crypto users may not realize that Bitcoin avoided deeper losses in large part because of those agencies.
Earlier, the FBI confirmed that North Korea was behind the theft of more than $6 billion from Binance.
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