Potential multi-billion Binance hack hitting crypto markets
Crypto prices are sliding on the news, led by BNB coin, down 6% in the last hour.
This story was originally published by CoinDesk.
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Binance investigating hack as suspicious outflows reach up to $5.8 billion
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An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.
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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…
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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.
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