Some of the hacked funds were immediately frozen
When the major exchanges were alerted, Tether (NASDAQ: USDT), Bitfinex, and others moved quickly to halt the transfer of the hacked assets. The swift response from the exchanges may prevent some of the funds from being moved by the hackers.
According to Paolo Arduino, the chief technical officer at Bitfinex and Tether, $33 million is frozen.
Arduino said, “Bitfinex froze 13m Tether USDT on EOS as part of the hack, Tether just froze 20M Tether USDT sitting on this Ethereum address https://etherscan.io/address/0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23 as a precautionary measure. Stay safe everyone!”
KuCoin asks authorities to investigate the hack
The US Internal Revenue Service (IRS) and the Federal Bureau of Investigation(FBI) along with international cyber-security law enforcement are investigating the hacking incident.
Christopher Janczewski, a lead case agent at the IRS who specializes in cryptocurrency cases said the hackers typically engage in a complex money-laundering scheme to avoid detection by law enforcement.
