However, the stablecoins are not “real” cryptocurrencies like e.g. BTC or ETH, but are built as smartcontracts on top of ETH, basically using it as a big replicated database. So they might(?) just manually “give back” the money to Binance, as in freezing money in the stolen account forever and “printing” an equal amount to Binance's credit.
Or, to put it in another way, no need to reverse an erroneous SQL transaction if you can just create a new one that fixes the data you altered.
If they can mint with no impact doesn’t that mean they can just print money?
It's remarkable to me how long this scam has lasted and how much confidence people have in it, in spite of the very shady characters involved and the likelihood of fraud.
And yes they can print money, you have to trust their reserves that are off chain.
https://finance.yahoo.com/markets/crypto/articles/stablecoin... (I didn't verify per-stablecoin volume, or actual volume at those hours, or typical volume for those exact hours, which a better analysis would have done.)
https://medium.com/chainargos/losing-the-blacklisting-race-e...