The $6.3 Billion Binance Hack Paradox: How Centralization Enabled the Attack but Saved $3 Billion
Key Highlights: Binance confirmed that roughly $3 billion of the $6.3 billion in affected funds has been frozen onchain following administrative interventions. Major stablecoin issuers Tether and Circle leveraged central smart contract permissions to blacklist addresses and halt the transfer of USDT and USDC. The freeze highlights the technological divide between centralized, permissioned stablecoins and ...