Tether and Circle froze $1.79 billion in USDT and USDC after billions moved out of Binance hot wallets. Binance says it is investigating.
This story was originally published by The Block.
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.
An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.
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.
