Cryptocurrency exchange Binance is investigating a potentially record-breaking security breach after blockchain analysts detected nearly $6 billion in suspicious outflows across multiple networks.
This story was originally published by U.Today.
Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short until the exchange replaces what was stolen.
Blockaid’s Ido Ben-Natan suspects attackers manipulated Binance’s transaction-signing infrastructure, drawing parallels with the Bybit hack.
Stablecoin issuers, including Tether, Circle, Ripple, and World Liberty Financial, have frozen more than $2.6 billion in digital assets linked to a suspected Binance security breach involving nearly…
Bitcoin and Ether tumbled as the broader crypto market fell 3.3%, with reports of suspicious multibillion-dollar transfers from Binance-linked wallets fueling uncertainty.
Bitcoin dropped below $79,000 on Thursday as reports of a suspected multibillion-dollar hack at Binance, the world’s largest crypto exchange, rippled through markets. The selloff followed reports of…
Etherscan records show wallets tied to the suspected Binance hack swapping freezable stablecoins for Ethereum on decentralized exchanges.
