Of the $9 million in stolen assets, Platypus said it has recovered 2.4 million USDC and 687,000 BUSD, it has also worked with Tether to freeze 1.5 million USDT. French police seized approximately $220,000 worth of crypto as part of the arrest. USDC, USDT and BUSD are all stablecoins that are designed to reflect the price of fiat currencies like the U.S. dollar.
Related posts
-
Fatal Exploit Crashes 69% of Dogecoin, but It Could Have Been Worse: The Man Who Saved It Speaks
An exploit first discovered and disclosed by crypto researcher... -
ICO takes regulatory action against four public authorities under the FOI Act
We have taken action against four public authorities for continued failings to meet their obligations under... -
France proposing tax on unrealized Bitcoin gains
French lawmakers are debating a tax on unrealized capital gains for cryptocurrencies, potentially altering how assets...