Binance Withdrawals Resume After Record $3.64B Hack; THORChain Co-Founder Defies FBI Freeze Request

Binance has reopened withdrawals after suffering what is described as the world's largest hack, with a staggering $3.64 billion fleeing the exchange amid the crisis. The incident has reignited debates over security and regulatory compliance in the crypto industry. Meanwhile, THORChain co-founder has publicly opposed freezing the protocol to comply with FBI demands, arguing that halting operations would undermine decentralization. The hack and subsequent withdrawal halt highlight the vulnerability of centralized exchanges, while THORChain's stance underscores the tension between law enforcement and decentralized protocols. This dual narrative—a massive centralized breach and a decentralized network resisting censorship—could shape regulatory approaches and user trust in the coming months. The crypto community now watches whether Binance can restore confidence and whether THORChain's defiance sets a precedent for other DeFi platforms.