Ballet founder says stolen Binance bitcoin is likely unrecoverable
- —Bobby Lee: stolen BTC is 'already with the hackers' and unlikely to be recovered
- —Recovery is realistic only for stablecoins, through freezing
- —Binance put the hack's impact at about $6.3 billion
- —Around $3 billion in linked assets has been frozen
Why it matters: The assessment lowers the odds of full restitution and shifts focus to stablecoin freezes and law-enforcement cooperation.
Source: PANews