I guess centralize exchange does have a good side, if the hacker had liquidate this funds on a decentralized exchange perhaps it would not have been easy to recover the funds. I wonder what the hacker was thinking doing a direct sale on binance! i soon the authority will uncover the identity soon.
Centralized exchanges can prevent money laundering by scammers and terrorists. They can control and monitor all criminal activities if criminals use their exchange. This is one of the good points of centralized exchange.
KYC sometimes they can circumvent the law by buying other KYC accounts but they cannot transfer money out of the exchange.