An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.
This story was originally published by Decrypt.
Binance is investigating reports of a major hack amid a series of massive crypto transfers. The company says it has not confirmed any impact to user funds at this stage, while its founder Changpeng…
An Oct. 28 snapshot shows a loss before fees when outcomes align, while different settlement rules expose the package to another risk.
Tether and Circle froze $1.79 billion in USDT and USDC after billions moved out of Binance hot wallets. Binance says it is investigating.
Binance has confirmed a major security incident, with more than $2 billion drained across wallets. Circle and Tether have reacted quickly to freeze the majority of the funds. The concern centers on…
Binance said it is investigating a potential security breach after suspicious wallet transfers, while co-founder CZ reported nearly $1.8 billion in frozen stablecoins.
Crypto prices are sliding on the news, led by BNB coin, down 6% in the last hour.
