CZ: Bitcoin's not falling further is largely thanks to the a
On November 1, 2026, Binance founder CZ posted on X thanking the FBI, the U.S. Secret Service, and the U.S. Internal Revenue Service for key assistance in the Binance theft incident, including tracking and freezing funds, and said many users may not realize that the reason Bitcoin did not fall further is largely thanks to these agencies. Previously, the FBI confirmed that North Korea was behind the theft incident of more than $6 billion.
Event Timeline
- [11-01 09:19] CZ: Bitcoin not falling further is largely thanks to U.S. law enforcement agencies (PANews)
- [11-01 09:21] CZ: Bitcoin not falling further is largely thanks to U.S. law enforcement agencies (Odaily Planet Daily)
Background and Impact
On November 1, 2026, Binance founder CZ posted on X thanking U.S. law enforcement agencies for their help in the Binance theft incident. PANews reported the statement at 09:19 that day, and Odaily Planet Daily at 09:21. CZ mentioned that U.S. law enforcement agencies including the FBI, the U.S. Secret Service (USSS), and the U.S. Internal Revenue Service (IRS) provided key assistance, including tracking and freezing funds. He said a single tweet could not fully express his gratitude.
This statement comes against the backdrop that the FBI previously confirmed North Korea was behind the Binance theft incident of more than $6 billion. The two sources describe this background in basically the same way, differing only in their wording of the amount — "more than $6 billion" and "over $6 billion" respectively — with no substantive disagreement.
In his post, CZ said many crypto users may not realize that "why Bitcoin didn't fall further" is largely thanks to these law enforcement agencies. This claim directly links Bitcoin's price performance during the incident to law enforcement's tracking and freezing actions. However, the available material does not provide specific data such as the proportion of funds recovered or the scale of the freezes, nor does it explain whether there is a quantifiable causal relationship between the relevant actions and price movements, so it is better regarded as CZ's public thanks for law enforcement assistance rather than a judgment on the market.
For market participants, the incident raises two main points of interest: first, the actual effectiveness of cross-border asset recovery by law enforcement agencies; second, how trading platforms respond in terms of security and compliance. Regarding platform selection, some users search for information such as "Binance registration APP download" and "OKX registration APP download," while others pay attention to channels such as "Huobi HTX registration APP download," "Gate.io registration APP download," and "Bitget registration APP download"; the connection between these search behaviors and actual fund safety or platform risk control capabilities still lacks public information support.
Frequently Asked Questions
### Does CZ's remark mean Bitcoin will not fall again?
It cannot be understood that way. CZ only said that Bitcoin not falling further is largely thanks to the tracking and freezing actions of U.S. law enforcement agencies, which is a thank-you for law enforcement assistance. In the material, he made no judgment or promise about future prices.
### What is North Korea's relationship to the Binance theft incident?
The FBI previously confirmed that North Korea was behind the Binance theft incident of more than $6 billion, and the two sources are consistent on this. The tracking and freezing of funds that CZ mentioned this time took place against the backdrop of this incident.
### What points can be followed going forward?
Watch whether U.S. law enforcement agencies disclose more details on fund recovery and freezing, and whether CZ or Binance gives further explanation on how the incident is being handled. The available material does not mention a specific timetable or amount figures.