The FBI said last weekend that North Korea carried out the $6.3 billion hack of Binance. Analysts are calling it the largest crypto theft on record.
In an opinion piece published by Cointelegraph on Nov 9, 2026, contributor Lissele Pratt wrote that the hackers lost $2.85 billion. Pratt says the case shows that freezing stablecoins works.
Pratt's argument is aimed at the UK. She says British rules should require clear freeze procedures before a coin can be listed. This is one writer's view, not a government plan, and the piece does not say whether UK officials have responded.
Several things are still unknown from this report: how the $2.85 billion was lost, which stablecoins were involved, and what happened to the rest of the stolen funds.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this story changes nothing directly. The report says nothing about funding rates, trading fees or liquidity on those exchanges, and the UK idea is still only a proposal in an opinion piece.
Source: cointelegraph — The $2.85B Binance hackers lost shows why the UK needs stablecoin freeze rules