Hacking in the crypto industry has been a prominent part of the space. One of the recent significant ones, the Harmony bridge exploit, has been under investigation since it occurred. The latest update indicates that the largest cryptocurrency exchanges, Binance and Huobi, have teamed up to recover some of the stolen funds.
The information was disclosed by Binance CEO Changpeng Zhao (CZ) in a tweet posted on Jan. 16. CZ tweeted, “We detected Harmony One hacker fund movement. They previously tried to launder through Binance, and we froze his accounts. This time he used Huobi. We assisted Huobi’s team in freezing his accounts. Together, 124 BTC have been recovered. CeFi helping to keep DeFi SAFU.”
Binance And Huobi Team Up To Recover Stolen Funds
Alongside a collaboration with security teams at crypto exchanges, Binance and Huobi were able to freeze and recover a large amount of BTC out of the stolen funds from the Harmony bridge exploit.
According to CZ, the hackers tried laund
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