Binance's $6.3 billion loss revives debate over reversible crypto transfers
The record Binance theft is pushing parts of the industry to reconsider finality, Bloomberg reports. Tether and Circle could freeze some stolen tokens because they control their stablecoins, but billions remain out of reach. Some DeFi services, such as Unit, have added delays to deposits and withdrawals, and executives at Gauntlet, FalconX and others describe growing institutional interest in withdrawal limits and short windows to reverse suspect transfers.