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First Digital Says It Froze FDUSD Stolen in Binance Attack

CEO Vincent Chok said the company is working with Binance to protect token holders and prevent the stolen funds from being moved.

An unmarked token sealed inside a transparent security case / TokenPost.ai
An unmarked token sealed inside a transparent security case / TokenPost.ai

Chok said First Digital froze FDUSD stolen during the Binance attack and is coordinating with the exchange to safeguard token holders.

Chok said the two teams are coordinating on the response. First Digital plans to provide further information when the work produces progress, keeping updates tied to developments in the joint effort.

He described the immediate priorities as protecting FDUSD holders and stopping those responsible from moving the stolen funds. Chok said safeguarding users is a shared responsibility for the parties involved.

The freeze is the concrete action Chok described in connection with the Binance attack. First Digital is working with Binance on the incident, while the stated focus remains both the security of FDUSD holders and preventing transfers of the stolen tokens.

Chok said First Digital would share updates as the response advances. The company’s update plan is linked to progress in its work with Binance and efforts to protect users.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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