1inch: Addresses Related to the Binance Attack Incident Blocked; Some Stolen Assets Involve 1INCH

According to TechFlow, on October 30, 1inch said it has been monitoring the Binance security incident and proactively contacted Binance to provide support. Its risk management team, together with ZeroShadow, SEAL 911, TRM Labs, and other organizations, blocked addresses related to the attack incident from the 1inch dApp, 1inch Wallet, and 1inch API within the first hour after the incident occurred, and will continue to update the list as new addresses are identified.

In addition, some of the stolen assets involve the 1INCH token, but because 1INCH is a standard ERC-20 token without freeze or blacklist functionality, no organization can directly freeze the related tokens. 1inch said it will cooperate with Binance and law enforcement agencies to track and recover funds.

Source: TechFlow